1632 Shirley Ave.
Jackson, MS
Profile
This 6 unit multi-family building is a great income producing property that would be a great addition to the MRG portfolio. Located in Washington Addition, a transitioning community that is . By renovating and improving the units, we can charge a more standard rental rate for the area. With this new rate and increased revenue by 100+%, we can justify a significant increase in property value.
Beds/Baths: 6/6*
Community: Washington Addition
Sqft: ~5,000
County: Hinds
Year Built: 1991
Construction: 2 Story Brick
Current Gross Annual Rental Income: $31,800.00
Current Occupancy: 100%
*Each unit has 1bd/1bth
Rehab scope
From initial visual inspection, the exterior will need some minor repairs and updates. The interiors of the units appear to be very well maintained and will only require upgrades in the bathrooms.
*Once the property inspection report is complete, we can provide more details.
projections
The current property owner admits that the current tenants are paying below market rate. Many of the tenants have been there for years and the owner simply never increased the rent. With the current average of $291.50 per unit, this creates a great potential to make this a great income property.
*Once the property appraisal is complete, we can provide more accurate projections.
are you interested in investing?
As stated in the video above, with a buy in as low as $5k you can join our investor group for this property. We are offering a competitive preset rate paid out throughout the year and an upside equity split at the end of the term. We have limited slots available so schedule your consultation TODAY!