125 N Fairgrounds Street

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Address: 125 N Fairgrounds St, Jackson, TN 38301, USA
Created date: March 25, 2024
Date last updated: March 25, 2024
  • Great unit mix of primarily 2B/1B
  • Strong rental market near Regional Hospital and major employers
  • All single-story building which reduces repair costs
  • Washer/Dryer hook-ups, metered electric, & individual water heaters
  • Recently renovated
  • Upside in Rents with more efficient management

Property Description

TN Firm Lic.265971 Broker Lic.371574 Adrian Del Rio (615)626-6426 Direct 99 E Main St., STE 200 Franklin, TN 37064 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 2

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $395,000
No. of Units: 5
Cap Rate: 6.02%
GRM /GIM: 10.21
Average Occupancy: 80
Year Built: 1976
Year Renovated: 2024
Building Size: 3,769 Sq ft
Lot Size: 0.29 Acres
Opportunity Zone: Yes
Price per unit: $79,000
Address: 125 N Fairgrounds St, Jackson, TN 38301, USA

FINANCIAL DETAILS

Income/expense info: Actual
Gross income: 36765
Operating expenses: 12980
Net operating income: 23785

Additional contacts

Full name Phone number Email address
Adrian Del Rio 6156266426 [email protected]

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