1 month on rocket

115 Oferrell Ave, Jackson, MS, 39209

$339,000

Home List Price

$4,026*

Closing Credit

28 Bedrooms
14 Full Baths
5,763 SqFt
$59/SqFt
Multi

Location

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115 Oferrell Ave, Jackson$339,000

Buyer Closing Credits

$4,026*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1969
HeatingOther
CoolingWindow Unit(s)
WaterfrontNone
MLS #4082833
Lot Size1.00 Acres
StatusActive

About 115 Oferrell Ave

Explore this promising investment opportunity with a 14-unit apartment complex located near the Jackson Zoo. This property offers significant potential for both immediate and long-term returns.All 14 apartments are 2-bedroom units. They are generating monthly rents ranging from $550 to $675, while four units are vacant,. Overall improvements were made to the exterior of both buildings and numerous apartments were improved on the interior to enhance full occupancy of this complex. The property is management-intensive, making it ideal for hands-on investors. The current monthly income from the occupied units are approximately $5875. Please note current month financial records or rent rolls are available. Units will be shown only with an acceptable contract, and proof of funds is required for any offer to be considered. Additionally, a third building with 7-8 units was destroyed in a fire in 2016 and has since been removed. The space is now open for a new construction project (please verify zoning regulations;).This property represents a unique opportunity to enhance value and achieve high returns in a desirable location.. Don't miss out., contact your favorite Realtor today to submit your offer.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2
  • Living Area: 5,763 SqFt

Listing Office:

  • Office Name: Friday Realty, LLC
  • Office Phone: (769) 257-7240
  • Listing Agent: Vern Stringer

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 14
  • Total Bedroom Count: 28

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: None

Parking Information:

  • Attached Garage: No
  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 1.00 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Exit W Capitol St off I 220. Go east about a mile and take left on OFerrell. Property on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $339,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $5,268
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Jackson, MS.

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Jackson, MS

City

Med. List Price

$117.7K

Med. Price/SqFt

$74

Avg. Days On Market

112

# of Sold Homes

65

115 Oferrell Ave vs Jackson

57 DAYS ON ROCKET

-55 Days

$339,000

+$221.2K More

$59/SqFt

-$16 Less

KEY TAKEAWAY

This property is $221.2K more than the Median List Price and $16/SqFt less than other homes in Jackson, MS.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS United
  • MLS Number: #4082833

Listing Office:

  • Office Name: Friday Realty, LLC
  • Office Phone: (769) 257-7240
  • Listing Agent: Vern Stringer

Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,268$27,536
2018$5,213$27,536
2017$5,216$27,536

History based on county public records data.

Payment Calculator

$1,759

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,083

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4418200
7
/10

  • Northside Elementary School

  • 3600 Harle St

  • 7.52 miles

  • Public District Grades 2-3

school-card-donut-4418201
7
/10

  • Highland Elementary School

  • 330 Brame Rd

  • 7.87 miles

  • Public District Grades 3-5

school-card-donut-4418202
4
/10

  • Gary Road Intermediate School

  • 7255 Gary Rd

  • 10.20 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,267. Most Jackson, MS residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Jackson, MS

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Jackson, MS?

Jackson offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from historic antebellum to contemporary, reflecting the city's rich history and modern growth. The housing market is dynamic, with a mix of older homes and new developments that cater to various preferences and budgets.

Is Jackson, MS a good place to live?

Jackson is celebrated for its vibrant history and cultural significance. The community prides itself on a strong sense of identity, with numerous events and festivals throughout the year that highlight its artistic and musical heritage. The city's character is further defined by its green spaces and public parks, which serve as gathering spots for residents.

Are things conveniently located in Jackson, MS?

The city is served by a robust educational system, including a variety of public and private schools, as well as higher education institutions. Healthcare services are comprehensive, with several hospitals and clinics offering a range of medical care. Retail and dining options abound, offering a taste of local Southern cuisine and culture. Public libraries and community initiatives reflect the city's commitment to serving the needs of its diverse population.

What does the transportation in Jackson, MS look like?

Jackson's transportation infrastructure includes a network of major roads and highways, facilitating travel and commuting within the city and to surrounding areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also making strides to improve walkability and bikeability in an effort to promote a more sustainable and accessible urban environment.

Rocket Homes›Mississippi›Hinds County›Jackson›39209›115 Oferrell Ave

This home is located at 115 Oferrell Ave in Jackson, MS and zip code 39209. This 5,763 square foot home, which was built in 1969, sits on a 1.00 acre lot. Features: 28 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $339,000.

Between October 2024 and November 2024, Jackson, MS real estate market has seen increase in the number of listings by 3.9%. In November 2024 median list price was $117,777 and the average listing age was 112 days.

From Rocket Homes Real Estate and based on county public records data.

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