4420 Ridgewood RdJackson, MS 39211

Property Details for 4420 Ridgewood Rd

Property type

Residential income homes

Property subtype

Apartment buildings

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.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.3528

Longitude

-90.1419

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