Back on market after buyer had financing difficulties. 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 $6K on mold remediation and removal of damaged drywall and flooring. 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.
5
BEDROOMS
3
BATHROOMS
0.25
ACRES
1948
YEAR BUILT
One
LEVELS
2297
SQ. FT.
Primary Information
MLS#:4124678
Price:$160,000
Bedrooms:5
Bathrooms:3
Lot Size:10890
Lot Acres:0.25
Years Built:1948
Total Levels:One
Status:Active
Neighborhood Information
Address:607 Arrowhead Drive, Abc, Jackson, MS 39216
Details:Back on market after buyer had financing difficulties. 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 $6K on mold remediation and removal of damaged drywall and flooring. 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.
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