4420 Ridgewood RdJackson, MS 39211

Property Details for 4420 Ridgewood Rd

Year built

1966

Property size (Sq ft)

1,975 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3527

Longitude

-90.1419

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