4420 Ridgewood RdJackson, MS 39211
- Investment properties
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.
Location Insight
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Latitude
- 32.3528
- Longitude
- -90.1419
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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