Multifamily property in Jackson, TN | $395,000, $105 / sq ft, Lot Dimensions 63 X 200

125 N Fairgrounds St

Jackson, TN 38301

$395,000

Area 3,769 sq ft
Bedrooms 7
Bathrooms 4
Stories: 1.00

Description

Presenting a solid investment opportunity to acquire 5 apartment units located at 125 North Fairgrounds Street in Jackson, TN. This multifamily property features a 3, 769 SF, single- story building with 5 units, showcasing a desirable unit mix primarily consisting of 2B/ 1B layouts. Renovated in 2024, this asset offers standard amenities with washer/ dryer hook- ups, metered electric, and individual water heaters. Situated in a strong rental market near the Regional Hospital and major employers, this property presents an attractive opportunity for a first- time investor or an investor that owns in the market seeking to expand their portfolio. With excellent potential for increased rents through efficient management and some additional improvements, this can result in a nice cash- flow opportunity. * Currently there' s one ( 1) down unit that is need of a complete renovation ( Buyer' s to obtain their own contractor bids. ) * Potential Owner- Financing depending on terms and conditions.

Details

MLS#: 2635723
County: Madison County, TN
Subd: Burkett Add
Stories: 1.00
Full Baths: 4
Bedrooms: 7
Built: 1976 / RENOV

Utilities

Water: Public
Sewer: Public Sewer
Cooling: Wall/ Window Unit( s)
Heating: Wall Furnace

Public Schools

Elementary: Arlington Elementary School
Middle/Junior: North Parkway Middle School
High: South Side High School

Property Information

Constr: Vinyl Siding, Wood Siding
Roof: Shingle
Floors: Carpet, Laminate
Garage: No
Parking: 8 / Asphalt
Sale Includes: Appliances
Taxes: $1,345
Laundry: Individual,Gas Dryer Hookup,Washer Hookup

Directions

From Airways Blvd turn onto N Fairgrounds, the property is on the left handside.

Listing Agency

PCG Commercial, Inc
Agent: Adrian Del Rio