Capitol City Apartments - Jackson, MS

Capitol City Apartments is a 66 Unit apartment in Jackson, MS 6 minutes from Jackson State University and less than 10 minutes from the Mississippi State Capitol, downtown

Less than 5 minutes from Jackson State University

Currently 55% occupied with renovations in progress for remainder of the units.​

Current Gross rent per month around $15k

Downtown Jackson is located right on the banks of the Pearl River.​ The downtown area offers direct access to both Interstate 55 via Pearl Street and Pascagoula Street, as well as Interstate 20 via State Street (US 51).​ Its proximity to I-20 adds significant value to the property.​  

The building is an L-shaped brick structure, with nearly 55% of the units recently renovated, featuring new appliances.​

The complex boasts a large front yard and ample parking surrounding the building.​ 

There is a significant opportunity to double the revenue by renovating or upgrading the remaining units.​

There is potential to convert the property into student housing or lease the units to students.​ It attracts a strong student population due to its affordable education and housing options.​

The University of Mississippi Medical Center is located just 3-4 miles from the apartment, presenting a great opportunity to attract middle-income workers to the complex.​

Jackson, the historical town, is the capital of Mississippi.​ Jackson is home to a range of key industries, including electrical equipment and machinery, processed food, and primary and fabricated metal products.​ The surrounding region also supports agricultural activities, such as livestock, soybeans, cotton, and poultry production.​