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1021 Raymond Rd.
Jackson, MS 39204
Asking Price
$2.80M
Cap Rate
7%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 7.00% CAP | 46 Units <ul><li>The 'JSU' Anchor: Located less than 3 miles from Jackson State University, the property serves as a primary off-campus housing option for the university's growing student and faculty population.</li><li>Industrial/Logistics Growth: Strategically positioned near the I-20 and I-55 interchange, the property serves as a residential hub for employees at major logistics and distribution centers.</li><li>Proven Concept: Renovated units in the 39204 submarkets are currently trading at a premi
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467
