601-981-6800
1225 Bailey Ave, Jackson, MS for Sale
Apartments - FOR SALE
1/16
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1225 Bailey Ave
Jackson, MS 39203
West Jackson


HIGHLIGHTS

  • Sixteen, 2-story Buildings
  • 69% Occupancy
  • Laundry Facility on Site
  • Value-Add Opportunity
  • 2.66 Acres
  • 36,685 SF

OVERVIEW

The subject property is a 36,685 SF, Value-Add Opportunity consisting of 16, two-story multi-family buildings, that contain 64 units. All 64 units are 2 BR/1BA, each building has 4 units and there is a laundry facility on-site . The complex was built in 1950 and partially renovated in 2023 and is currently 69% occupied. The subject site consists of 2.66 acres, newly fenced and gated, on Bailey Avenue between Elm Street and Ash Street in Jackson, MS. The current owner has invested $254,549 in various improvements such as unit renovations, installation of air conditioners and water heaters, roof repairs and exterior repairs. The property is less than two miles from University Mississippi Medical Center, Millsaps College, Belhaven University and Mississippi Baptist Medical Center. The Jackson Amtrak Station is located within a mile of the property. It services the City of New Orleans passenger rail line, which traverses from Chicago to New Orleans. There are public bus lines along Bailey Ave.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

64

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bridge Haven Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

116,018 SF

ZONING

R-4

APN/PARCEL ID

0095-0086-000

ASK ABOUT THIS PROPERTY

Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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