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607 Arrowhead Drive Abc, Jackson, MS 39216

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For Sale

$160,000

5 beds • 3 baths • 2,297 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $69.66
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 $12K on mold remediation and removal of damaged drywall and flooring (remediation documents will be provided). 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.
MLS# 4124678

Courtesy Of Charlotte Smith Real Estate, Inc.

(601) 238-6620

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Asbestos, Brick
  • Lot Size
    0.25 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 607 Arrowhead Drive Abc, Jackson, MS 39216

Home seller CENTURY 21 David Stevens Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 David Stevens Inc.

(601) 924-7552
Learn More About Us

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.