541 South Royal Street

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Address: 541 South Royal Street, Jackson, Tennessee, US
Created date: March 27, 2024
Date last updated: May 15, 2024
  • Recently renovated building and units.
  • Great unit mix with 2 & 3 Bedroom units.
  • Spacious floor plans with washer / dryer hook-ups.
  • Expanding market with a shortage of housing.
  • Major Employment hub to large companies.
  • 100% Leased with new rents at $1,050.

Property Description

TN Firm Lic.265971 Broker Lic.371574 Adrian Del Rio (615)626-6426 Direct [email protected] 99 E Main St., STE 200 Franklin, TN 37064 541 South Royal Street, a prime property for the first-time or savvy Multifamily investor looking to expand their portfolio. This 4,789 SF building, encompassing 4 units, offers historic southern charm having been built in 1920, while boasting modern updates from a recent 2024 renovation to primarily the interiors. *Two units were just leased at $1,050 creating a higher market rate standard at the property. This Quadplex boasts an excellent unit mix of two (2) - 2 Bedroom / 1 Bath & two (2) - 3 Bedroom / 1 Bath units with Washer / Dryer hook-ups. Each unit is metered for electric and gas which contains their own individual water heater. Each unit is equipped with its own stove range, oven, and refrigerator. With its attractive blend of character and newer amenities, this property stands ready to captivate discerning investors seeking an enticing well priced multifamily opportunity. Renovations Include the following (Buyer to verify): - New Roof - New plumbing (Pex) - Foundation work - Interiors

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $360,000
No. of Units: 4
Average Occupancy: 7.86
Year Built: 1950
Lot Size: 0.16 Sq ft
Opportunity Zone: No
Price per unit: $90,000
Property Website Click Here
Address: 541 South Royal Street, Jackson, TN 38301, USA
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