3175 Robinson Rd Jackson, MS 39209

Property Details for 3175 Robinson Rd

Property type

Residential income homes

Property subtype

Apartment buildings

Description

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.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Longitude

-90.2401

Latitude

32.3064