814 N Congress Street, Jackson, MS 39202 (MLS# 1342987)

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.