4420 Ridgewood RdJackson, MS 39211

  • Investment properties
For Sale
$897,000 View listing

Property Details for 4420 Ridgewood Rd

Property type
Investment properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a stabilized multifamily portfolio comprising ten units across five well-maintained properties in Jackson, Mississippi. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $69,831, and a compelling 7.78% capitalization rate. The asking price is $897,000, representing a price per unit of $89,700. The properties are strategically located in high-demand neighborhoods including Lefleur East, Fondren, and the greater Belhaven area, offering proximity to major employment centers such as the University of Mississippi Medical Center and several prominent hospitals, as well as Belhaven University and Millsaps College. These established neighborhoods also feature a vibrant mix of restaurants, shops, and cultural attractions. The portfolio's strong occupancy history and potential for rent restructuring and minor property upgrades present a significant opportunity for value appreciation. This Class B multifamily investment is a ground lease-free opportunity, offering a stable and attractive return for investors seeking a diversified portfolio in a growing Mississippi market. The portfolio consists of five buildings, offering a diversified investment strategy with multiple income streams. This is a rare opportunity to acquire a well-positioned, high-performing multifamily portfolio in a desirable location.

4420 Ridgewood Rd, Jackson, Mississippi

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3528
Longitude
-90.1419

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].