For Sale
$897,000

4420 Ridgewood RdJackson, MS 39211

Ten-unit stabilized portfolio, 7.78% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
109
This exceptional investment opportunity presents a stabilized multifamily portfolio comprising ten units across five well-maintained properties in Jackson, Mississippi. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $69,831, and a compelling 7.78% capitalization rate. The asking price is $897,000, representing a price per unit of $89,700. The properties are strategically located in high-demand neighborhoods including Lefleur East, Fondren, and the greater Belhaven area, offering proximity to major employment centers such as the University of Mississippi Medical Center and several prominent hospitals, as well as Belhaven University and Millsaps College. These established neighborhoods also feature a vibrant mix of restaurants, shops, and cultural attractions. The portfolio's strong occupancy history and potential for rent restructuring and minor property upgrades present a significant opportunity for value appreciation. This Class B multifamily investment is a ground lease-free opportunity, offering a stable and attractive return for investors seeking a diversified portfolio in a growing Mississippi market. The portfolio consists of five buildings, offering a diversified investment strategy with multiple income streams. This is a rare opportunity to acquire a well-positioned, high-performing multifamily portfolio in a desirable location.

Highlights

  • Five-property, ten-unit stabilized multifamily portfolio.
  • Properties situated in prime Lefleur East, Fondren, and Belhaven submarkets.
  • High occupancy; potential for rental income growth through minor rent adjustments.
  • Excellent location near major employers and universities.

Property Details for 4420 Ridgewood Rd

Property type
Residential income homes, Apartment buildings
Class
B
Buildings
5
Units
10

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.35281312927
Longitude
-90.141853990368
4420 Ridgewood Rd, Jackson, Mississippi

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4420 Ridgewood Rd
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