Chapel Ridgel Apartments
$2,750,000
1636 Raymond Rd, Jackson, MS 39204
138,280 sqft
Building Size
9 acres
Lot Area
Details:
Highlights:
- 44 Units | Garden-Style Multifamily Community
- 18 Buildings (Including Clubhouse)
- Built in 2005
- Situated on ±9 Acres
- Two-Story Construction
- Value-Add Opportunity with Renovation Upside
Description:
Chapel Ridge Apartments presents a compelling value-add multifamily investment opportunity in the Jackson market. Situated on approximately 9 acres along Raymond Road, this 144-unit community offers a diverse unit mix designed to serve a broad tenant base, including individuals, families, and workforce housing demand.
Constructed in 2005, the property consists of 18 buildings, including a leasing office/clubhouse, and features a two-story garden-style layout. While the asset requires renovation and restoration, it provides investors with the opportunity to reposition the property and enhance operational performance through targeted capital improvements and professional management.
With strong fundamentals, scale, and existing amenities, Chapel Ridge is well-positioned for a strategic investor seeking to unlock value through renovation, lease-up, and improved efficiencies.
Strategically located along Raymond Road, Chapel Ridge offers direct connectivity to Downtown Jackson, Interstate 20, and key transportation corridors, providing residents with efficient access to employment centers, education hubs, and retail destinations.
The surrounding area is anchored by a variety of national and regional retailers along nearby corridors, including Highway 80 and Terry Road, offering convenient access to grocery, dining, and daily service providers. Retailers in the area include Walmart, Dollar General, Family Dollar, and other neighborhood-serving tenants that support consistent consumer traffic and resident convenience.
Chapel Ridge also benefits from proximity to several educational institutions, enhancing its appeal to families. Nearby schools include elementary, middle, and high schools within the Jackson Public School District, as well as access to higher education institutions such as Jackson State University, located just minutes away.
Entergy
Atmos
Documents:
| Title | ||
|---|---|---|
| Brochure_-_Chapel_Hill_Apartments_-_144_Units_-_Value-Add_Opportunity.pdf | ||
| Brochure_-_Chapel_Hill_Apartments_-_144_Units_-_Value-Add_Opportunity.pdf |
Location
Gallery
