541 SOUTH ROYAL STREET

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 541 S Royal St, Jackson, TN 38301, USA
Created date: March 25, 2024
Date last updated: March 25, 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.

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. Located in the growing Jackson market, this property is currently at 50% occupancy, presenting an opportunity for an investor to set higher market rents with their own tenants.   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: Highest & best offer
Property Types: Apartment Buildings
Price: $360,000
No. of Units: 4
Cap Rate: 6.4%
GRM /GIM: 9.3
Average Occupancy: 50
Year Built: 1950
Building Size: 4,789 Sq ft
Lot Size: 0.16 Acres
No. of Stories: 2
Opportunity Zone: No
Price per unit: $90,000
Address: 541 S Royal St, Jackson, TN 38301, USA

FINANCIAL DETAILS

Income/expense info: Actual
Gross income: 35340
Operating expenses: 12315
Net operating income: 23025

Additional contacts

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

Similar Properties in the Area

Eagleton Affordable Portfolio

Carrollton , Georgia
Atlanta & Southeast + Apartment Buildings
Units: 151

120 Anderson Avenue

Anderson , South Carolina
Atlanta & Southeast + Apartment Buildings
Price: $349,900

278 W Reedy Fork Road

Seneca , South Carolina
Atlanta & Southeast + Apartment Buildings
Units: 8
Price: $1,395,000

Brokers

View All
popup background image