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Listing Courtesy of: Overby, Inc. - (601) 366-8511

Description for 149 Millsaps Avenue Avenue

MLS# 4020800

149 Millsaps Avenue is a truly unique new multifamily development which is superbly located in the Midtown neighborhood of Jackson, Mississippi. This property features four urban lofts with floor-to-ceilings windows and modern features throughout. Originally designed as a sixteen unit project, the structure and foundation were built with the capability for vertical expansion. The sizeable lot also offers room for additional units and parking, all within seconds of Millsaps college and other area attractions. The sale of this property presents the opportunity to acquire a brand new multifamily development with a stabilized tenant mix and zero vacancy.The vibrant midtown neighborhood is adjacent to the most expensive private college in the state of Mississippi (Millsaps College) and robust centers of employment (University of Mississippi Medical Center and Baptist Medical Center). The neighborhood is rapidly being redeveloped as a mixed use district which is home to many artists and creatives featuring the mantra ''Made in Midtown.'' The property is located within close proximity to I-55 and even closer to the major arteries of State Street and Woodrow Wilson.

General Features Property for Sale

  • Price
    $410,000
  • Listing Type
    Multi-Family
  • MLS#
    4020800
  • Bedrooms
    5
  • Full Baths
    4
  • Number of Stories
    1
  • Year Built
    2022
  • County
    Hinds
  • Subdivision
    Metes And Bounds
  • Approx. Acreage*
    0.34
  • Approx. Sq. Ft.*
    2063

Additional Details

General

Accessibility Features Y/N : No
Foundation Details : Pilings/Steel/Wood, Raised
Furnished Y/N : No
Homestead Y/N : No
New Construction : Yes
Num of Units Includedin Sale : 4
Structure Type : Multi Family

Financial

Association : No
Flood Insurance Required : No
Income Expenses: Annual Net Income : $43,599
Tax Annual Amount : $562.83
Tax Year : 2021

Exterior

Exterior Construction or Siding : Metal Siding
Roof : Metal

Equipment

Cooling : Ductless
Heating : Ductless
Sewer : Public Sewer
Utilities : Propane
Water Source : Public

Community

Covenants Y or N : No

Schools

Elementary School : Spann
Elementary School 2 : N/A
High School : Callaway
Intermediate School : N/A
Middle or Junior School : Chastain
School District : Hinds Co Dist

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Market Research

This Property

  • $410,000

    List Price

  • $198

    Price per Sq Ft

  • 230

    Days on Website (Jun 16, 2022)

Jackson Multi-Family Values

  • $358,556

    Average List Price

  • $57

    Average Price per SQFT

  • 170

    Average Days on Market

  • $140,884

    Average Sold Price

  • 2,996

    Number of Properties for Sale

Request Details

Hi, Are you curious about this property? Contact us with any questions.

Listing Courtesy of: Overby, Inc. - (601) 366-8511
Information is deemed to be reliable but not guaranteed. Copyright 2023 MLS United, LLC. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.