1505 West StJackson, MS 39202

Property Details for 1505 West St

Year built

1969

Lot size

1.68 AC

Property size (Sq ft)

47,480 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents the Seville Apartments, a 76-unit multifamily complex located at 1505 N West St, Jackson, MS 39202. The property, situated on a 1.68-acre lot (APN: 0000-4000-000), comprises two-story walk-up buildings constructed in 1969 and 1973, operating as a single economic unit under R5 Multifamily Residential zoning. The 47,480 square foot complex boasts a diverse unit mix including 64 one-bedroom, one-bathroom units; 8 two-bedroom, 1.5-bathroom units; and 4 two-bedroom, 1.5-bathroom townhome units. Each unit features a fully equipped kitchen and central HVAC. Resident convenience is enhanced by an on-site community laundry. Currently operating at 37% occupancy, this property presents significant upside potential for increased revenue. The asking price is $3,000,000, translating to $63.18 per square foot and $39,473.68 per unit. Note that this is a court-appointed sale subject to court approval. Offers are due September 18, 2024, at 4:00 PM CST. This is a rare chance to acquire a substantial multifamily asset in a growing Mississippi market. Detailed unit summaries and financial information are available upon request.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3197

Longitude

-90.1827

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].