Investment Highlights

  • Offered well below replacement cost at $51,563 per unit
  • Historically high occupancy, above 96%
  • Operational upside through loss to lease burn of $60,000
  • Buyer can place new financing
  • A desirable mix of one-, two-, and three-bedroom units feature a balcony or patio, walk-in closet(s), additional storage space, selfcleaning oven, dishwasher, garbage disposal, air conditioning, and in-unit washer and dryer connections
  • Community amenities include a business center, clubhouse, swimming pool, on-site laundry facility, and leasing office
  • Only a five-minute drive from the intersection of Interstate 20 and Highway 18
  • Less than seven miles southwest of downtown Jackson, which has undergone a renaissance recently with over $700 million in developments over the past decade
  • Under 20 minutes from Jackson-Medgar Wiley Evers International Airport (JAN), which services four major airlines with daily non-stop service to eight cities
  • Within a 15-minute walk from a Walmart Supercenter, Lowe’s, McDonald’s, Subway, and Waffle House
  • Just a five-minute walk from a bus stop on JATRAN route 4R, which goes to downtown Jackson in 30 minutes

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