125 N Fairgrounds St Jackson, TN $ 395,000
125 N Fairgrounds St
$ 395,000
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125 N Fairgrounds St

Jackson, TN, 38301
$ 395,000
Bedrooms7 Baths4.0 Sq 3,769

Monthly Estimate*

$ 2,759

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Multi-Family Home for sale in Jackson, TN

for $395,000 with 7 bedrooms and 4 full baths. This 3,769 square foot home was built in 1976.

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.

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Multi-Family Active

Price

$ 395,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,345

Style

Multi Family

Year Built

1976

Town/City

Jackson

County/Region

Madison

MLS | Web ID

2635723

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Roof Shingle
Zoning Apartments
Garage Spaces 0
Security Features Carbon Monoxide Detector(s) Fire Alarm
Construction Materials Vinyl Siding Wood Siding
Year Built 1976
Stories 1
Levels One
Gross Income 38700
County Madison County TN
Net Operating Income 23785
Operating Expense 14915
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Burkett Add
Garage Y/N N
Status Active
Buyer Financing Conventional Seller Financing
Directions From Airways Blvd turn onto N Fairgrounds the property is on the left handside.
High School South Side High School
City Jackson
View Y/N N
Open Parking Spaces 8
Total Units 5
Waterfront Y/N N
Carport Y/N N
Street Name N Fairgrounds St
Elementary School Arlington Elementary School
Property Attached Y/N Y
Year Built Details RENOV
Tax Annual Amount 1345
Middle/Junior High School North Parkway Middle School
Days on Market 0
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 2565
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Interior
Flooring Carpet Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3769
Full Baths 0
Half Baths 0
Laundry Features Individual Gas Dryer Hookup Washer Hookup
Total Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 0
Living Area Units Square Feet
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Exterior
Parking Features Asphalt
Water Source Public
Total Parking 8
Inclusions APPLN
Building Area Total 3769
Lot Dimensions 63 X 200
Lot Size Units Acres
Covered Spaces 0
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Internal Only
Street Number 1 125
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* Excluded Features
List By
Pcg Commercial, Inc

Broker

adelrio@pcgcommercial.com

Email

Affordability Calculator

$2,871
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,759
Monthly Property Taxes
$112
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4194226 Elementary School
3716093 Middle School
South Side High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$395,000 Listed Price

Map


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125 N Fairgrounds St, Jackson, TN, 38301 is a Multi-Family Home for sale at $395,000 with 3,769 sqft. 125 N Fairgrounds St has 7 bedrooms, 4.0 baths, and was built in 1976. The property's zip code is 38301 which is in Jackson, TN