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Chapel Ridge of Jackson 1636 Raymond Rd 144 Unit Apartment Building $3,767,500 CAD ($26,163 CAD/Unit) Jackson, MS 39204
Investment Highlights
- 144-unit multifamily community built in 2005 with multiple two-story buildings.
- Currently 0% occupied, providing a full-scale value-add investment opportunity.
- Composite shingle roofing and existing construction allow for efficient renovation planning.
- Located on Raymond Road in Jackson, MS, offering easy access to I-55 and major city routes.
- Situated in Hinds County near retail, schools, and employment hubs.
- Positioned within a growing metro area with strong connectivity to regional markets.
Executive Summary
Chapel Ridge Apartments presents a significant value-add opportunity in Jackson, Mississippi. This 144-unit multifamily property, built in 2005, is currently vacant, offering investors a chance to reposition and stabilize the asset for long-term returns. The property spans multiple two-story buildings with composite shingle roofing and is situated on Raymond Road, providing convenient access to major thoroughfares and surrounding residential neighborhoods.
Located in Hinds County, the site benefits from proximity to Interstate 55 and key employment centers in Jackson. The area offers strong connectivity to retail, schools, and healthcare facilities, making it attractive for future tenants. With existing infrastructure and fair condition, the property is well-suited for renovation and modernization to capture rental demand in the region.
Located in Hinds County, the site benefits from proximity to Interstate 55 and key employment centers in Jackson. The area offers strong connectivity to retail, schools, and healthcare facilities, making it attractive for future tenants. With existing infrastructure and fair condition, the property is well-suited for renovation and modernization to capture rental demand in the region.
Property Facts
| Price | $3,767,500 CAD | Building Class | F |
| Price Per Unit | $26,163 CAD | Lot Size | 9.00 AC |
| Sale Type | Investment | Building Size | 139,176 SF |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| No. Units | 144 | Year Built | 2005 |
| Property Type | Multifamily | Parking Ratio | 2.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R-2 - Medium Density Residential | ||
| Price | $3,767,500 CAD |
| Price Per Unit | $26,163 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 9.00 AC |
| Building Size | 139,176 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.15/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- High Speed Internet Access
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Fitness Center
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 673 |
| 2+2 | 72 | - | 912 |
| 3+2 | 48 | - | 1,085 |
| 4+2 | 8 | - | 1,333 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0833-0340-001 | Improvements Assessment | $755,641 CAD |
| Land Assessment | $60,806 CAD | Total Assessment | $816,447 CAD |
Property Taxes
Parcel Number
0833-0340-001
Land Assessment
$60,806 CAD
Improvements Assessment
$755,641 CAD
Total Assessment
$816,447 CAD
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Chapel Ridge of Jackson | 1636 Raymond Rd
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