848 Fairview St

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🏛️ Historic Fix & Flip Opportunity | Downtown Jackson

📍 848 Fairview St, Jackson, MS 39202

💰 Asking: $95,000 | Buy Now: $98,000
📈 ARV: ~$290,000

4 Beds | 2 Baths | ~2,400 Sq Ft | Built 1927
🏡 Single-Family | Vacant | Crawlspace Foundation

🔥 Investor Snapshot

Rare opportunity to acquire a large historic home at ~35% of ARV in a prime Downtown Jackson location. The property has a solid structure and newer roof, making this a value-driven flip where the focus is modernization—not major structural work.

🛠️ Condition & Rehab Overview

Interior (Cosmetic + Systems):

• Flooring replacement throughout

• Full interior paint

• Full kitchen renovation (cabinets, counters, appliances)

• Full bathroom renovations

Exterior & Major Systems:

• Roof: ~5 years old (good condition)

• Water Heater: ~5 years old (electric)

• HVAC: Split system present; no AC / no furnace

• Electrical & plumbing updates recommended

👉 Overall scope is moderate rehab with big-ticket items (roof, structure) already handled.

💰 Rental Potential

• Market Rent: ~$1,800/month (4BR)

• Section 8: ~$1,600/month

📊 Strong Nearby Comps

• 800 Gillespie St – 2/1 → $306,500

• 1021 Euclid Ave – 3/2 → $299,000

• 1229 Poplar Blvd – 3/2 → $285,700

💡 Why This Deal Works

• Large 2,400 sq ft footprint

• Bought at deep discount to ARV

• Historic appeal + downtown location

• Flip or high-rent hold strategy

• Strong margin even after rehab

📩 Serious investors only — submit your offer before this one is gone.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
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