Willow Street Apartments | 760 Willow St
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Willow Street Apartments 760 Willow St
46 Unit Block of Flats £939,960 (£20,434/Unit) Jackson, MS 39204
Investment Highlights
- The property is in the heart of downtown Jackson and near Jackson State University.
Executive Summary
The subject property is a Value-Add Opportunity consisting of two, 2-story multi-family buildings originally constructed in 1970, that contains 46 units and 21,715 SF. Building construction consists of masonry with brick and wood siding. The subject is currently 26.09% occupied. The complex currently has forty-two 1BR/1BA units and four 2BR/1BA. The subject site consists of .93 Acres of land near Jackson State University, in the city of Jackson, Mississippi.
The Property has undone gone recent renovations consisting of exterior repairs and updating units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new countertops and bathroom upgrades.
The Property has undone gone recent renovations consisting of exterior repairs and updating units. The interior updates include luxury vinyl tile flooring, new lighting/paint, new countertops and bathroom upgrades.
Property Facts
| Price | £939,960 | Lot Size | 0.93 AC |
| Price Per Unit | £20,434 | Building Size | 37,296 SF |
| Sale Type | Investment | Average Occupancy | 25% |
| No. Units | 46 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1970/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | £939,960 |
| Price Per Unit | £20,434 |
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 37,296 SF |
| Average Occupancy | 25% |
| Number of Floors | 2 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 46 | - | 400 |
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PROPERTY TAXES
| Parcel Number | 0008-4000-000 | Improvements Assessment | £41,997 |
| Land Assessment | £3,553 | Total Assessment | £45,550 |
PROPERTY TAXES
Parcel Number
0008-4000-000
Land Assessment
£3,553
Improvements Assessment
£41,997
Total Assessment
£45,550
zoning
| Zoning Code | R-5 (Multi-Family Residential District) |
| R-5 (Multi-Family Residential District) |
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Willow Street Apartments | 760 Willow St
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