1021 Raymond Rd., Jackson, MS 39204

Asset Business Group, LLC, is the leading purchaser and developer of value-add mobile home parks nationwide, having closed and renovated eight parks across five states in the past 12 months. The principals have also renovated more than 2,000 apartments over the last 20 years. We are currently involved in major land development for mobile home park communities across seven states. We simply do not have the time or geographic footprint to manage and renovate our Jackson portfolio at this time, so we have decided to market the partially renovated apartment project located at 1021 Raymond Road, Jackson MS as well as a fully renovated retail building at 2104 Raymond Road, a fully renovated apartment building at 3811 Mosley Avenue and two partially renovated apartment complexes located at 1115 Raymond Road (25 units) and 1125 Raymond Road (80 units), all near the downtown corridor in Jackson Mississippi.

The subject property is located at 1021 Raymond Road, Jackson, MS 39213. The property is a 46-unit apartment complex that includes 16 fully renovated front one-bedroom units and 32 two-bedroom townhouse units with a rear courtyard that requires a total renovation. The completed full renovation includes, but is not limited to, a new roof, new windows and doors, a full interior renovation, including interior paint, countertops, hardware, electrical fixtures, laminate flooring, and new high-efficiency HVAC systems. The city of Jackson, Mississippi, is home to a thriving downtown and many top-rated universities. There is a limited supply and high demand for affordable apartments in gated, guarded communities.

1021 Raymond Rd. is a 46-unit multifamily community situated in the heart of South Jackson's primary rental corridor. This asset is a classic "Value-Add" play, with 16 units already serving as proof of demand for renovated product in the submarket. The offering is priced to account for the completion of the remaining 30 units, providing the incoming investor with an immediate equity position upon stabilization.

Raymond Road serves as a critical infrastructural spine, providing the most direct connection between the high-density residential pockets of South Jackson and the city's primary industrial and commercial employment hubs.