149 Millsaps Avenue, Jackson, MS, 39202

149 Millsaps Avenue Jackson, MS 39202

149 Millsaps Avenue, Jackson, MS, 39202
149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202 149 Millsaps Avenue, Jackson, MS, 39202
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$350,000
Last Verified:
Nov 20, 2023


Description

149 Millsaps Avenue is a truly unique new multifamily development which is superbly located in the Midtown neighborhood of Jackson, Mississippi. This property features four urban lofts with floor-to-ceilings windows and modern features throughout. Originally designed as a sixteen unit project, the structure and foundation were built with the capability for vertical expansion. The sizeable lot also offers room for additional units and parking, all within seconds of Millsaps college and other area attractions. The sale of this property presents the opportunity to acquire a brand new multifamily development with a stabilized tenant mix and zero vacancy.

The vibrant midtown neighborhood is adjacent to the most expensive private college in the state of Mississippi (Millsaps College) and robust centers of employment (University of Mississippi Medical Center and Baptist Medical Center). The neighborhood is rapidly being redeveloped as a mixed use district which is home to many artists and creatives featuring the mantra "Made in Midtown." The property is located within close proximity to I-55 and even closer to the major arteries of State Street and Woodrow Wilson.

Building Size: 2063sq ft
Lot Size: 0.34 acres

Map of 149 Millsaps Avenue, Jackson, MS, 39202

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.