4420 Ridgewood Rd Jackson, MS 39211
- Commercial real estate
- 1,975 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4420 Ridgewood Rd
- Year built
- 1966
- Property size
- 1,975 SF
- Property type
- Commercial real estate
- APN
- 584-412
Description
This exceptional investment opportunity presents a well-maintained, stabilized duplex located in Jackson, Mississippi's desirable Lefleur East District. The property, situated at 4420 Ridgewood Road, boasts a prime location near Highland Village, Maywood Mart, and the District at Eastover, offering convenient access to shopping and dining. This 1966-built, single-story building comprises 1,975 square feet and features two units, each with two bedrooms and one bathroom. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $15,750 annually, representing a 7.00% cap rate. The asking price is $225,000, translating to $113.92 per square foot and $112,500 per unit. The property's strong rental history and location within a growing area make it an attractive investment for those seeking stable cash flow and potential appreciation. Detailed financial information and an offering memorandum for a larger portfolio (including this property) are available upon request. The property's APN is 584-412. Gross monthly rent is $1,880.
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
- -90.14185541859
- Latitude
- 32.352716281338
