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.

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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

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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

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