1505 West St Jackson, MS 39202
- Apartment buildings
- 47,480 SF
- 1.68 lot acres
Current Use by Public Records
- Re-build Seville Apartments / Apartment Building / Apartment Complex
- Gloria Hudson, Financial Consultant / Insurance Agency / Banking And Finance
Property Details for 1505 West St
- Year built
- 1969
- Lot size
- 1.68 lot acres
- Property size
- 47,480 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents the Seville Apartments, a 76-unit multifamily complex located at 1505 N West St, Jackson, MS 39202. The property, situated on a 1.68-acre lot (APN: 0000-4000-000), comprises two-story walk-up buildings constructed in 1969 and 1973, operating as a single economic unit under R5 Multifamily Residential zoning. The 47,480 square foot complex boasts a diverse unit mix including 64 one-bedroom, one-bathroom units; 8 two-bedroom, 1.5-bathroom units; and 4 two-bedroom, 1.5-bathroom townhome units. Each unit features a fully equipped kitchen and central HVAC. Resident convenience is enhanced by an on-site community laundry. Currently operating at 37% occupancy, this property presents significant upside potential for increased revenue. The asking price is $3,000,000, translating to $63.18 per square foot and $39,473.68 per unit. Note that this is a court-appointed sale subject to court approval. Offers are due September 18, 2024, at 4:00 PM CST. This is a rare chance to acquire a substantial multifamily asset in a growing Mississippi market. Detailed unit summaries and financial information are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.1827
- Latitude
- 32.3197
