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Opportunity Zone
3923 N State Street
Fondren District Triplex Stabilized Investment
Listing Contacts
License: MS MS B22633
Active
Asking Price: $225,000
Address
3923 N State Street, Jackson, MS 39206, Jackson, MS 39206
Show on MapDate Added
Sep 20, 2024
Days on Market
182 days
Time Since Last Update
39 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeStabilized
ClassB
Square Footage2,206
Price/Sq Ft$101.99
Cap Rate10.27%
Occupancy100%
NOI$23,110
Units3
Year Built194
Buildings1
Stories1
APN53-117
Price/Unit$75,000
Marketing Description
3923 N State is well located in the growing Fondren District which is considered to be the Jackson's artistic and culinary hub with over two dozen walkable restaurants and many other shops and points of interest within the neighborhood.
This property is a triplex with a 3/1, 1/1, and 1/1. Gross rent amounts to $2,625 per month with strong occupancy history within a well-maintained property.
Investment Highlights
-
Well located in the growing Fondren District
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,110.00
$1,925.83/mo
Valuation Metrics
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0
DSCR
10.27%
Cap Rate
10.27%
ROI
Property History
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Due Diligence
Listing Contacts
- License: MS MS B22633
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Broker Information
Broker Information
Broker Name
Sterling McCool
Broker License
MS MS B22633
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