Fondren Duplex

Multi-Family for Sale
Catylist Listing ID: 30180048
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,291 SF
Gross Building Area: See Agent
Sale Price: $95,000
Unit Price: $47,500 Per Unit
Property Use Type: Investment
Building Name: 3418 N State Duplex
Sale Terms: Cash to Seller
Cap Rate: 13.58%
Average Occupancy Rate: 100
Last Updated: 11/14/2017

Overview / Comments

Vacancies fill quickly in their two story duplex in teh heart of Fondren! This charming rental features two units each with tow bedrooms and one bath on the second floor. The first floors feature a galley kitchen, dining area and living room. Built around 1940, hardwood floors, off street parking and the prime location just a short walk away from Jackson's favorite restaurants and retailers. Close proximity to the University of Mississippi Medical Center, St. Dominic, Baptist and VA hospitals as well as Belhaven University and Millsaps College make this an easily leasable rental property.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,620 (Annual)
Tax Value Land $24,980
Tax Value Improvements $33,600
Assessed Value - Total($) $8,787 (Annual)
Potential Rental Income $17,400 (Annual)
Net Operating Income $12,900 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Jackson
County: Hinds
Taxing Authority: Hinds County
Tax ID/APN: 48-56
Zoning: RESIDENTIAL, FONDREN OVERLAY DISTRICT
Percent Occupied: 100%
Property Located Between: North State St and Mayes
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1940

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,779 72,023 149,845
Median Age: 37.02 35.48 33.8
Households: 4,271 28,240 58,645

Contact

Photograph of Listing Agent

Scott Overby

The Overby Company Jackson, MS 39202
LACDB Member
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