212 Gunter Street Street, Jackson, MS 39216 (MLS# 4075916)

212 Gunter Street Street, Jackson, MS 39216

$886,000

Capri-Theater-Best-MS-Film-Office-Annive

Property Type: Res Income Multi-Fam Bedrooms: 12 Square Footage: 6,624 Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $886,000 List Date: 4/07/2024 Last Modified: 10/30/2025

Overview

Description

PLEASE DO NOT DISTURB TENANTS! Excellent opportunity to purchase a completely renovated 12 unit multi-family asset in the growing Fondren neighborhood of Jackson, MS. Boasting three buildings total, with 4 units per building, this asset presents an enticing prospect for savvy investors seeking both lucrative returns and a great long term growth location. The property includes off street parking for 15+ cars. All units are 1 bed 1 bath. Located roughly 2 blocks from the historic Capri Theatre, Highball Lanes, Walker's Drive-In, Rooster's, the nightlife, and all the fun stuff in Fondren. The property is located centrally just minutes from Belhaven University, JSU, Millsaps University, University Medical Center, St Dominic's Hospital, MS Children's Museum, MS Natural History Museum, MS Agriculture Museum, Baptist Hospital, and many of the states largest employers. The property is currently at 100% occupancy. This property has maintained high occupancy since ownership. Rents range from ... (Read more) PLEASE DO NOT DISTURB TENANTS! Excellent opportunity to purchase a completely renovated 12 unit multi-family asset in the growing Fondren neighborhood of Jackson, MS. Boasting three buildings total, with 4 units per building, this asset presents an enticing prospect for savvy investors seeking both lucrative returns and a great long term growth location. The property includes off street parking for 15+ cars. All units are 1 bed 1 bath. Located roughly 2 blocks from the historic Capri Theatre, Highball Lanes, Walker's Drive-In, Rooster's, the nightlife, and all the fun stuff in Fondren. The property is located centrally just minutes from Belhaven University, JSU, Millsaps University, University Medical Center, St Dominic's Hospital, MS Children's Museum, MS Natural History Museum, MS Agriculture Museum, Baptist Hospital, and many of the states largest employers. The property is currently at 100% occupancy. This property has maintained high occupancy since ownership. Rents range from $800-$950/month per unit. Owner pays utilities for some units. Tenants with leases that have utilities included are charged a utility reimbursement fee of $150/month in addition to the monthly rent. There are no gas utility expenses with the property. Owner pays for water/sewer on all units. A dumpster is provided for waste disposal for residents. All units are independently metered. Originally built in 1982, the buildings were completely renovated in 2022-2023. All plumbing, electrical, and HVAC was replaced. All three building's roofs were replaced in 2022 with GAF architectural shingles. All units have been updated with butcher block counter tops, stainless steel appliances, new exterior/interior doors, new windows, new molding, deep stainless steel kitchen sinks, commercial grade vinyl flooring, new electric hot water heaters, new insulation, , new paint, new fixtures, new ceiling fans, new mini split AC/heating units, etc. 220 electric outlets and washer/dryer hookups were also added in each unit. Units have all electric appliances. average roughly 600 square feet per unit. The listing photos of the interior are representative of all units. Fencing was added around the entire property. 8 of the 12 units are completely fenced with 2 access gates for entry. 4 units are partially fenced. Extensive outdoor lighting around the property was also added. An in ground steel charcoal grill and picnic area was also installed in the courtyard as a common area/lounge space for all tenants to use. At full occupancy the property generates a gross income of $129,600 annually. This turnkey property represents more than just a real estate investment; it embodies a strategic opportunity to capitalize on the burgeoning Fondren neighborhood's growth trajectory. Whether you're seeking a lucrative cash flow investment or a promising buy-and-hold opportunity, this property warrants serious consideration. PLEASE DO NOT DISTURB TENANTS! Call the listing agent for more info or to schedule a showing.

Listing Details MLS# 4075916

General Property Information

# of Units Included in Sale: 12
Approx Lot Size Acres: Yes
Approx H/C SqFt: 6624
SqFt Source: Public Records
List Price/SqFt: 150.82
Year Built: 1981
Year Built Source: Public Records
Total Floors: Yes
Bedrooms Total: 12
Bathrooms Full: 12
Furnished: No
School District: Jackson Public
Elementary School: Bailey Station
Elementary School 2: Galloway
Intermediate School: None
Middle or Junior School: Brinkley
High School: Murrah
Accessibility Features: No

Property Features

Structure Type: Multi Family Additional Type Details: Apartment Complex Architectural Style: Traditional Lot Features: Corner Lot; Dumpster; Fenced; Few Trees; Rectangular Lot Levels: One Owner Pays: See Remarks Tenant Pays: See Remarks Interior Features: See Remarks Flooring: Luxury Vinyl Cooling: See Remarks Heating: See Remarks Utilities: See Remarks Sewer: See Remarks Water Source: Public; Separate Meters Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Architectural Shingles Exterior Features: Built-in Barbecue; Courtyard; Landscaping Lights; Outdoor Grill; Uncovered Courtyard Waterfront Features: None

Address and Location Information

Street Number: 212
Street Name: Gunter Street
Street Suffix: Street
County: Hinds
State: MS
Zip Code: 39216
Parcel Number: 56-44
Subdivision: Fondren
Community Of: N/A

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 7364
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOTS 3 4 & 5 BLK Q INDUSTRIAL HGTS N J

Status Change Info

Contract Date/Pending Date: 2024-09-17
Closing Date: 2025-01-31
Appraised SqFt: 6624
Sold Price/SqFt: 133.76

More Information

Parking Features

Parking Total: 16

Showing Requirements

Showing: Appointment Required

Documents

Income and Expenses ›

Actual 6-Month Income and Expense ›

Rent Roll 4/29/24 ›

Listing Office: Right Size Realty, LLC

Listing Agent: Andrew Tyre

Last Updated: October - 30 - 2025

212 Gunter Street Street, Jackson, MS 39216 (MLS# 4075916)