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125 N Fairgrounds St

Jackson, TN 38301

– beds
– baths
3,769 sqft
$104 per sqft
1976 build
– on site

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.

Listing courtesy of REALTRACS / PCG Commercial, Inc

Last checked: Checking… • Last updated Mar 28, 2024 •

MLS# 2635723 —

The Building

Year Built:

1976
Year Built Effective:

1976
Year Built Details:

RENOV
New Construction:

false
Construction Materials:

Vinyl Siding, Wood Siding
Roof:

Shingle
Stories:

1
Levels:

One
Security Features:

Carbon Monoxide Detector(s), Fire Alarm
Structure Type:

Multi Family
# of Units Total:

5
Building Area Units:

Square Feet
Building Area Total:

3769
Building Area Source:

Assessor
Above Grade Finished Area:

3769
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Carpet, Laminate
Fireplace:

false
Laundry Features:

Individual, Gas Dryer Hookup, Washer Hookup

Room Dimensions

Living Area:

3769
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

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

35.61745174
Longitude:

-88.82953848

The Property

Parcel Number:

077L J 01500 000
Property Type:

Residential Income
Lot Size Dimensions:

63 X 200
Lot Size Units:

Acres
Zoning:

Apartments
View:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

1345

The Listing

Map Coordinate:

35.6174517400000000 -88.8295384800000000
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Wall Furnace
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Water Available
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Arlington Elementary School
Middle Or Junior School:

North Parkway Middle School
High School:

South Side High School

The Community

Subdivision Name:

Burkett Add
Waterfront:

false
Pool Private:

false
Association:

false

Parking

Parking Total:

8
Parking Features:

Asphalt
Garage:

false
Attached Garage:

false
Carport:

false
Open Parking Spaces:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/27/24 Mar 27, 2024	Listed / Active	REALTRACS	$395,000

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This multifamily located in Downtown Jackson, Jackson, TN 38301 is currently for sale for $395,000. 125 N Fairgrounds St is a 3,769 square foot multifamily with – beds and – baths that has been on Estately for 32 days. 125 N Fairgrounds St is in the Downtown Jackson neighborhood of Jackson and has a WalkScore® of 47, making it car-dependent. This multifamily is in the attendance area of Arlington International Leadership School, I B Tigrett Middle School, and Jackson Central Merry Academy Of Medical Technology.

Listing Courtesy of: REALTRACS and PCG Commercial, Inc.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.