Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3175 Robinson Rd Jackson, MS 39209

    For Sale
    $10,500,000

    225-unit apartment complex, high ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional value-add multifamily investment opportunity presents a compelling prospect for significant returns. Located at 3175 Robinson Rd, Jackson, MS 39209, in Hinds County, this 225-unit apartment complex, built in 1974 and situated on two stories, offers a blend of immediate income and substantial upside potential. The property boasts a strong net operating income (NOI) of $1,880,000, translating to an attractive 17.90% capitalization rate at an asking price of $10,500,000. Currently, over 80 units are occupied following recent renovations. Furthermore, 45 fully renovated units are vacant and ready for immediate lease-up. The remaining 100 units require renovation, presenting a clear path for value enhancement. The property features a gated community, a swimming pool, fitness center, sports court, playground, clubhouse, game room, and on-site maintenance and management. Unit amenities include air conditioning, washer/dryer hookups, high-speed internet access, and walk-in closets. The property is served by the Jackson Public School District. Water, trash removal, and sewer are included in the lease. Lease options are available for 12 months. This property presents a rare opportunity to acquire a substantial multifamily asset in a growing market with significant potential for increased profitability through strategic renovations and lease-up. The price per unit is $46,666.67. This is a Class C property.

    Property Features for 3175 Robinson Rd

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Renovated
    2022
    Units
    225

    HighLights

    • Value‑add opportunity: Addison Place apartments in Jackson, MS.
    • Gated community with night patrol, located on Robinson Rd, Jackson, MS 39209, Jackson Public School District.
    • Amenities include a sports court, fitness center, sparkling pool, playground, clubhouse, and game room.
    • Apartments offer 1, 2, and 3 bedroom floor plans with features such as washer/dryer hookups, walk‑in closets, air conditioning, and high‑speed internet access.
    • Water, trash, and sewer included; 12‑month leases available; 225 units in a 2‑story, 1974‑built community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2401223
    Latitude
    32.3064041

    Nearby Similar for Sale

    • $5,200,000
      110,500 SF

      Historic Mixed-Use Gem in Jackson

      Historic mixed-use property in downtown Jackson, Mississippi, with modern amenities.
      308 E Pearl St, Jackson, MS 39201
      View Details
    • $475,000
      5,500 SF

      Grand Office Building with Nature Preserve

      Spacious office with hardwood floors and nature preserve views.
      1911 Dunbarton Dr, Jackson, MS 39216
      View Details
    • $615,000
      6,559 SF

      Belhaven Office Building with Live-Work Potential

      Two-story office building in Belhaven with renovation potential.
      901 N State St, Jackson, MS 39202
      View Details
    • $163,000
      2,534 SF

      Renovated Multi-Family Property

      Two renovated homes on one lot, ideal for investment.
      766 Monterey St, Jackson, MS 39204
      View Details
    • New
      $127,000
      1,048 SF

      Updated Duplex Investment Opportunity

      Updated duplex near Ridgeland, Madison, Jackson, and Brandon.
      2455 River Oaks Blvd, Jackson, MS 39211
      View Details
    • $315,000
      3,066 SF

      Income Property in Belhaven Community

      Four-unit property near colleges, hospitals, and restaurants. 100% rented.
      968 3 & 4, Jackson, MS 39202
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 225-unit apartment complex, high ROI potential.
    Where is this multifamily property located?
    The property is located at 3175 Robinson Rd Jackson, MS.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Value-add opportunity: Addison Place apartments in Jackson, MS.; Gated community with night patrol, located on Robinson Rd, Jackson, MS 39209, Jackson Public School District.; Amenities include a sports court, fitness center, sparkling pool, playground, clubhouse, and game room.
    Request Owner's contact information
    3175 Robinson Rd Jackson, MS 39209
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3175 Robinson Rd
    Jackson, MS 39209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3175 Robinson Rd Jackson, MS 39209
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.