Fondren Hill Apartments for Sale

770 Lakeland Drive Jackson, MS 39216

  • 85,545 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Fondren Hill is a 96-unit apartment complex located in a vibrant and growing community in Jackson, MS.  The property presents the buyer with the opportunity to acquire a market leading asset with additional upside.  The superior location, physical condition, and operational strength provide an assurance that the property will continue to be a low cost, high grossing investment well into the future.  In the late stages of the most recent apartment cycle it has become harder to find quality assets with strong in-place returns and meaningful upside in high barrier to entry markets.  Fondren Hill provides just this kind of rare opportunity.

Lot Size: 2.82 Square Feet

Building Size: 85545 Square Feet

Area Available: 85,545 Square Feet

Land Area

2.82 Acres

Residential Units

96

Studio Apartments

5

1 Bedroom / 1 Bath

46

2 Bedroom / 1.5 Bath

45

Security

Gated community

Features:

  • Excellent property condition with significant recent capital investment
  • Preferred area asset with multiple floorplans, attractive layout and curb appeal
  • Walking distance to new University of Mississippi School of Medicine
  • Strong historical performance and mid to high 90% occupancy
  • Solid area apartment market fundamentals with limited additional supply
  • Additional upside through renovations of the remaining "classic" units

Property Experts

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