3175 Robinson RdJackson, MS 39209

Property Details for 3175 Robinson Rd

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional value-add multifamily investment opportunity presents a compelling prospect for significant returns. Located at 3175 Robinson Rd, Jackson, MS 39209, in Hinds County, this 225-unit apartment complex, built in 1974 and situated on two stories, offers a blend of immediate income and substantial upside potential. The property boasts a strong net operating income (NOI) of $1,880,000, translating to an attractive 17.90% capitalization rate at an asking price of $10,500,000. Currently, over 80 units are occupied following recent renovations. Furthermore, 45 fully renovated units are vacant and ready for immediate lease-up. The remaining 100 units require renovation, presenting a clear path for value enhancement. The property features a gated community, a swimming pool, fitness center, sports court, playground, clubhouse, game room, and on-site maintenance and management. Unit amenities include air conditioning, washer/dryer hookups, high-speed internet access, and walk-in closets. The property is served by the Jackson Public School District. Water, trash removal, and sewer are included in the lease. Lease options are available for 12 months. This property presents a rare opportunity to acquire a substantial multifamily asset in a growing market with significant potential for increased profitability through strategic renovations and lease-up. The price per unit is $46,666.67. This is a Class C property.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3064

Longitude

-90.2401

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].