144-Unit Apartment Renovation
850 Lindbergh Dr Jackson, MS 39209
850 Lindbergh Dr, Jackson, MS, 39209
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For Sale
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144-unit multifamily property with in-unit upgrades already completed in select units and a cosmetic-focused renovation path.
Property Size140,560 SF
Days on Market17
Property Features for 850 Lindbergh Dr
General Information
- Standard status
- Active
- Size
- 140,560 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing Agency
Newmark - Memphis
Listed by
Gray Fiser · License #MS S-52755
Source
Crexi
Added: Jul 2 Checked: Jul 17 at 10:18 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Memphis
Investment Insights
Based on property information with market context.
The Residences at Glen Oaks is a 144-unit apartment property offering a renovation-focused upgrade program. The units feature original honey oak cabinetry, white coil-burner appliances, and laminate countertops, with LVP flooring already installed in a number of units. The planned scope is targeted paint, reface, and replace work that is described as requiring no structural changes.
The property is located at 850 Lindbergh Dr in Jackson, MS 39209. The public remarks discuss the galley kitchen footprint and note that nearby comparable properties, Graystone Hills and The Park at Queens Court, are reported to achieve $1,103/unit and $1,020/unit respectively after cosmetic renovations.
For investors or operators seeking a cosmetic renovation strategy, the proposed approach is positioned as incremental and rolling as units naturally turn, targeting a post-renovation premium of $125 per unit per month across all 144 units as stated in the remarks. The current improvement plan is designed to control scope by prioritizing finishes rather than structural modifications, aligning with a straightforward upgrade path for value-oriented underwriting.
The property is located at 850 Lindbergh Dr in Jackson, MS 39209. The public remarks discuss the galley kitchen footprint and note that nearby comparable properties, Graystone Hills and The Park at Queens Court, are reported to achieve $1,103/unit and $1,020/unit respectively after cosmetic renovations.
For investors or operators seeking a cosmetic renovation strategy, the proposed approach is positioned as incremental and rolling as units naturally turn, targeting a post-renovation premium of $125 per unit per month across all 144 units as stated in the remarks. The current improvement plan is designed to control scope by prioritizing finishes rather than structural modifications, aligning with a straightforward upgrade path for value-oriented underwriting.
Key Highlights
- 144‑unit multifamily property built in 1975
- Units feature original honey oak cabinetry, white coil‑burner appliances, and laminate countertops
- LVP flooring has already been installed in select units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jarrell house
Apartment Complex
Residences at Glen Oaks
Apartment Complex
Williams Bail Bonds
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 144-unit multifamily property with in-unit upgrades already completed in select units and a cosmetic-focused renovation path.
Where is this apartment building located?
The property is located at 850 Lindbergh Dr Jackson, MS.
What are key features of this property?
This property features: 144‑unit multifamily property built in 1975; Units feature original honey oak cabinetry, white coil‑burner appliances, and laminate countertops; LVP flooring has already been installed in select units
