723 Chestnut St Jackson MS 39204 - Special Warranty Deed

Description

Occupied Property This patent can be closed with a Special Warranty Deed. Opportunity Zone Parcel Number: 0169-0035-000 or 169-35 Legal Description: 37 FT E/S LOT 4 BLK 4 SCOTLAND HEIGHTS Estimated Average Retail Value (ARV): $56K Estimated Monthly Market Rental: $1,030 Jackson, MS, known as the "City With Soul," offers a very low cost of living—approximately 9% to 17% below the national average—making housing highly affordable. Residents benefit from a rich cultural heritage, a thriving culinary scene, and top-tier attractions like the Mississippi Civil Rights Museum. It is a family-friendly city with a welcoming community and a low unemployment rate. Key Positives to Living in Jackson: Extremely Affordable Housing: Housing costs are around 17.7% less than the national average. Rich Culture & History: Known for its blues and gospel music, plus historical sites like the Mississippi Civil Rights Museum, the Old Capitol Inn, and Medgar Evers' legacy. Culinary Scene: Features diverse options from soul food and local family-owned restaurants to James Beard-nominated chefs. Family-Friendly Attractions: Home to the Jackson Zoo, Mississippi Children’s Museum, and the LeFleur Museum District. Education & Healthcare: Houses the University of Mississippi Medical Center, a major academic health science center. Warm Climate: Residents enjoy warm weather, suitable for year-round outdoor activities. Vibrant Neighborhoods & Activities: Fondren District: Known for its eclectic art galleries, local eateries, and trendy coffee shops. Outdoor Recreation: Nearby options include parks and sites for hiking, biking, and wildlife education. Key Considerations (Contextual): Cost of Living: Generally 9.1% lower than the national average, making it an affordable place to call home. Job Market: The city has a relatively low unemployment rate of 2.6% Purchase price does NOT include closing costs. The law office which does our closings will issue a Settlement Statement which includes the closing costs (est. $1K) and any proration of current property taxes. Any pre closing property taxes will be paid by the Seller.