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1505 N West St
Jackson, MS 39202

Seville · Residential Property For Sale · 76 Units

Executive Summary

The subject property is The Seville Apartments, a group of 2-story, walk-up, multifamily buildings consisting of 76-units. This
property consists of buildings across two parcels that is operating as one economic unit. The complex was constructed in 1969
and 1973. The property features a unit mix of 64, one-bedroom, one bath units, 8, two-bedroom, 1.5 bath units, and 4, two-bedroom, 1.5 bath townhome units. Each unit has a fully equipped kitchen and central HVAC. The property has an on-site community laundry.
CALL FOR OFFERS: October 9, 2024, 4:00 PM CST
DISCLAIMER: PROPER IS A COURT-APPOINTED SALE AND SUBJECT TO COURT APPROVAL.
UNIT SUMMARY:
Unit Mix #/Units SF Avg. Rent
1BR/1BA 64 650 $550-600
2BR/1.5BA 8 770 $600-750
2BR/1.5BA TH 4 770 $855-995

PROPERTY FACTS

Sale Type Investment Building Size 47,480 SF
No. Units 76 Average Occupancy 37%
Property Type Residential Number of Floors 2
Property Subtype Apartment Year Built 1969
Apartment Style Low Rise Parking Ratio 2.74/1,000 SF
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 1.68 AC
Sale Type Investment
No. Units 76
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.68 AC
Building Size 47,480 SF
Average Occupancy 37%
Number of Floors 2
Year Built 1969
Parking Ratio 2.74/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 64 £435.78 650
2+1.5 12 £631.88 770

Links

PROPERTY TAXES

Parcel Numbers
Multiple
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 Improvements Assessment £3,558,040
Land Assessment £6,187,172 Total Assessment £9,745,212

PROPERTY TAXES

Parcel Numbers
Multiple
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  • 0000-4000-000
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  • 0000-4000-000
  • 0000-4000-000
  • 0000-4000-000
  • 0000-4000-000
  • 0000-4000-000
  • 0000-4000-000
  • 0000-4000-000
Land Assessment
£6,187,172
Improvements Assessment
£3,558,040
Total Assessment
£9,745,212

zoning

Zoning Code R-5 (Multifamily Residential)
R-5 (Multifamily Residential)
 

  • Listing ID: 32956245

  • Date on Market: 26/08/2024

  • Last Updated:

  • Address: 1505 N West St, Jackson, MS 39202

The South Jackson Residential Property at 1505 N West St, Jackson, MS 39202 is currently available. Contact Estes Group for more information.

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