1300 Roosevelt Avenue, Greenwood, MS 38930 (MLS# 4159781)

1300 Roosevelt Avenue, Greenwood, MS 38930

$1,000,000

Virtual Tour

https://www.propertypanorama.com/1300-Roosevelt-Avenue-Greenwood-MS-38930/unbranded

Property Type: Res Income Multi-Fam Bedrooms: 96 Square Footage: 15,532 Lot Size (sq. ft.): 130,680 Status: Pending

Current Price: $1,000,000 List Date: 8/20/2026 Last Modified: 8/30/2026

Overview

Description

David Jordan Apartments - Phase I presents an excellent investment opportunity featuring 40 income-producing units: 24 two-bedroom, one-bath apartments and 16 three-bedroom, one-bath apartments, 5 buildings, 8 units each. Renovations have brought the property up to current code standards, making it mostly suitable for Section 8 participation or private-market leasing. All units are currently rented at private-market rates. Each apartment features a spacious 6'10" × 34' covered front porch and was constructed to ADA-accessible specifications. Additional amenities include a playground, paved parking and a separate management office (666 SF)for an on-site manager. This fully occupied apartment community offers immediate income with professional on-site management capabilities.

Supplements: Currently paying On-site Manager, $450/week On-site maintenance, $600/week

Listing Details MLS# 4159781

General Property Information

# of Units Included in Sale: 40
Approx Lot Size Acres: 3
Approx H/C SqFt: 15532
SqFt Source: Public Records
List Price/SqFt: 64.38
Year Built Known: Yes
Year Built: 1999
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 96
Bathrooms Full: 40
Furnished: No
Pool: No
School District: Greenwood Public
Accessibility Features: Yes
Complex Name: David Jordan Apartment, Phase I

Property Features

Structure Type: Multi Family Additional Type Details: Apartment Complex Architectural Style: Other Lot Features: City Lot; Level Levels: Two Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Repairs; Taxes Tenant Pays: All Utilities; Trash Collection Interior Features: Ceiling Fan(s) Special Purpose Rooms: Living/Dining Combo Kitchen Features: Kitchen/Family Room View Fireplace Features: None Appliances: Gas Range; Gas Water Heater; Refrigerator Walls - Interior: Sheetrock Flooring: Vinyl Window Features: Blinds Laundry Features: Gas Dryer Hookup; Washer Hookup Accessibility Features: Accessible Doors Security Features: None Cooling: Central Air; Electric Heating: Central; Natural Gas Utilities: Cable Available; Natural Gas Connected; Sewer Connected; Water Connected; Fiber to the House Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional; Other Roof: Architectural Shingles Exterior Features: See Remarks Patio And Porch Features: Porch Driveway Features: Paved Drive Parking Features: On Site; Parking Lot; Paved Community Features: Playground Waterfront Features: None Flood Insurance: See Remarks Water Heater: Natural Gas Lease Term: 12 Months Disclosures: As Is Approx Age Code: Older Home 25+ Years; See Remarks Parking Spaces: 2 Space Unit Available Documents: Tax Info; Topography Map Unit 1 Appliances: Free Standing Stove; Refrigerator; Water Heater - Gas Unit 2 Appliances: Free Standing Stove; Refrigerator; Water Heater - Gas

Address and Location Information

Street Number: 1300
Street Name: Roosevelt
Street Suffix: Avenue
County: Leflore
State: MS
Zip Code: 38930
Parcel Number: 10015041100320
Subdivision: Metes And Bounds
Directions to Property: Main Street to South St to Avenue E
Community Of: N/A

Listing Information

Listing Service: Full Service
Never Occupied: No

Tax and Financial Information

Tax Annual Amount: 7457
Tax Year: 2025
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: Yes
Annual Flood Insurance: 5200
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: A TRACT OF LAND SITUATED SOUTH OF BLOCK 23 OF THE WHITTINGTON ADD LYING IN N1/2 OF SE1/4 S15 T19 R1