607 Arrowhead Drive #Abc new Save Request In-Person Tour Request Virtual Tour
Jackson,MS 39216
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,297 sqft
Price per Sqft $69
Subdivision Fondren
MLS Listing ID 4124678
Bedrooms 5
Full Baths 3
Year Built 1948
Annual Tax Amount $3,038
Lot Size 10,890 Sqft
Property Description
Excellent investment property in the highly desirable Fondren area! This triplex has been a popular rental for decades. It is located on a quiet street in one of Fondren's favorite neighborhoods. Unit A and Unit B each have 2 bedrooms, 1 bathroom, a living room, kitchen, and laundry hookups. The rear unit is an efficiency floorplan with a kitchen and laundry hookup. PLEASE SEE FLOORPLAN SKETCH in the photos section. The property has been owned by long-term MS investors who are retiring. The property is in need of an extensive renovation. After the property was vacated, the seller spent $12K on mold remediation and removal of damaged drywall and flooring (remediation documents will be provided). The seller decided to sell the property in as-is condition at a price that would allow investors to complete the renovation project to their specifications. When it was last leased, the property generated a gross monthly income of $2750 from all 3 units. Units B and C are metered together so the landlord paid those utilities; Unit A paid its own. This is a great opportunity to create 3 splendid market-rate rentals on one of the sweetest streets in beautiful Fondren with a potential of a combined monthly rental of around $3400 - 3800.
Location
State MS
County Hinds
Interior
Heating Central,Other
Cooling Central Air,Wall/Window Unit(s)
Exterior
Exterior Feature Private Yard
Parking Features Covered,Driveway,Concrete
Utilities Available Cable Available,Natural Gas Connected,Sewer Connected,Water Connected
Roof Type Asphalt
Building
Lot Description Level
Foundation Conventional
Sewer Public Sewer
Water Public
Structure Type Private Yard
New Construction No
Schools
Elementary Schools Boyd
Middle Schools Bailey Apac
High Schools Murrah
Others
Virtual Tour https://www.propertypanorama.com/607-Arrowhead-Drive-Jackson-MS-39216/unbranded