1741 Florence Ave.
Jackson, MS 39204
Profile
This property is located directly behind the 10-unit apartment building we purchased earlier this year. On the corner of Washington and Florence, this lot sits on 1.2 acres. This strategic acquisition will put MRG in a prime position to expand the complex.
This large corner lot can be better utilized to address the growing housing demand in the area. This assists in our larger development strategy for the Washington Addition community.
Beds/Baths: ~
Year Built: N/A
County: Hinds
Lot Sqft: ~5,000
Subdivision: Washington Addition
Construction Strategy & scope
Currently on the lot there is a dilapidated home and the remains of an old small trailer so the first phase will be clearing the lot and making preparation for new construction.
Our focus is to develop a new multifamily structure to meet current housing demand of the community and neighboring university.
projections
By developing a multifamily structure we are able to maximize the potential income value for the property. Our 10-plex and other properties in the area commanding a strong rental rate for 1 bedroom sized apartments will establish a base for the market. This new construction property offering more space with new and updated design all in a convenient location adjacent to the JSU will be in a position to request an even higher rent.
are you interested in investing?
With a buy in as low as $10k 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!