The Meadows Apartments

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30282081
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 56 Units
Building Size (RSF): 45,712 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $26,785.71 Per Unit
Property Use Type: Investment
Building Name: Meadows Apartments
Sale Terms: Cash to Seller
Average Occupancy Rate: 95
Last Updated: 9/17/2019

Overview / Comments

The Meadows Apartments consist of 56 units situated on two parcels of land totaling 4.3 (+/-) acres of land which is intersected by a public road located among many major employers with easy access to multiple highways. There are 4 units that need renovation and cannot be leased in current condition. Owner has raised rents $25.00 per unit on new leases with little effort. Excess land is included in sale which can be used for additional amenities.

Attachments & Media

Additional Details

Nearest MSA: Jackson
County: Madison
Tax ID/APN: 093D-20D-013-01-00
Zoning: R-4
Percent Occupied: 95%
Highway Access: HWY 51
Airports: Jackson-Evers International
Total Number of Buildings: 8
Property Condition: Fair
Number of Stories: 2
Year Built: 1973
Roof Type: Mansard
Construction/Siding: Brick
Laundry: Shared

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,170 15,088 20,096
Median Age: 35.99 30.85 31.58
Households: 1,155 4,977 6,837


© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither MSCREX nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.