$899,900
$899,900
For more information regarding the value of a property, please contact us for a free consultation.
814 N Congress Street Jackson, MS 39202
4 Beds
11 Baths
6,300 SqFt
Key Details
Sold Price $899,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $142
Subdivision Belhaven/Belhaven Heights
MLS Listing ID 1342987
Sold Date 12/03/21
Style Traditional
Bedrooms 4
Full Baths 10
Half Baths 1
Originating Board MLS United
Year Built 1936
Annual Tax Amount $5,800
Lot Size 1.200 Acres
Acres 1.2
Lot Dimensions 80' x 160'
Property Description
Wonderful opportunity to purchase a totally renovated 9 unit apartment building located in Downtown Jackson, MS. Located roughly 3 blocks from the State Capital Building and Downtown Jackson CBD. The property is close to Belhaven University, Milsaps University, and Baptist Hospital. Just a few minutes from University Medical Center and all the fun stuff in Fondren. Building is currently at 100% occupancy. Property has maintained 90-100% occupancy since ownership. Rents range from $900 to $1,250 per unit. There are (7) 1 bed 1 bath units, (1) 2 bed 1 bath unit, and (1) 2 bed 2 bath unit. Originally built in 1936 for the Catholic Diocese of Jackson, the building was completely renovated in 2019 and 2020. All plumbing, electrical, and HVAC was replaced. A new rubber roof and flashing was installed in 2019. All units have been updated with butcher block counter tops, stainless appliances, deep stainless sinks, commercial grade vinyl flooring, crown molding, new paint, new fixtures, new ceiling fans, mini split Mitsubishi AC/heating units. Units have all electric appliances. Units average 600+/- square feet. Two Navian 12 GAL per minute gas on demand water heaters were added along with new piping. On site laundry was added and is located on the first floor. A New Orleans style courtyard was also added and is used as a common/lounge space shared amongst tenants. Three Speed Queen commercial grade washers and dryers are provided free to tenants. They are not coin operated. Gated parking for 20+ cars was added in 2020. The entire property is gated with two automatic entry and exit gates. A FOB key card is required to enter the gate as well as the building. The property is extremely secure. A multi-unit steel USPS mailbox was also installed. Extensive outdoor lighting was added also. The property currently generates a gross income of $115,600 annually. Call listing agent for showings or more information.
Location
State MS
County Hinds
Direction On Fortifiation St headed west. Pass over State St. Left on Congress St. Building is .2 miles ahead on left.
Interior
Interior Features High Ceilings
Heating Central, Other, Natural Gas
Cooling Central Air, Other
Furnishings No
Appliance Range
Exterior
Exterior Feature Gas Grill
Utilities Available Electricity Available, Natural Gas Available, Water Available
Waterfront Description None
Roof Type Asphalt Shingle,Rubber
Porch Deck, Patio, Porch
Building
Lot Description Landscaped
Foundation Conventional
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Structure Type Gas Grill
New Construction No
Others
Tax ID 39-13
Acceptable Financing Cash, Contract, Conventional, Other
Listing Terms Cash, Contract, Conventional, Other
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Information is deemed to be reliable but not guaranteed. Copyright © 2024 MLS United, LLC.