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541 S Royal St

Jackson, TN 38301
  • $360,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: RTC2635800
$360,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,789
    SQFT
  • $75
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

Description

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 100% leased with newly rented units at $1,050 each setting a new market rate within the complex. 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.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (DeSelms Team Zeitlin Sotheby’s International Realty, 615-550-5565). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or DeSelms Team Zeitlin Sotheby’s International Realty. IDX information 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. Data last updated 2024-06-20T00:06:02.947.

Based on information submitted to the MLS GRID as of 2024-06-20T00:06:02.947. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.deselmsrealestate.com/homes/148960424
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541 S Royal St Jackson, TN 38301

  • Price: $360,000
  • Status: Active
  • On Site: 84 Days
  • MLS #: RTC2635800
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,789
SQFT
$75
$/SQFT
1920
Built
Neighborhood:
Jackson Southeast District
County:
Madison
Elementary School:
Isaac Lane Technology Magnet Elementary
Middle School:
Jackson Career Technology Magnet Elementary
High School:
South Side High School
Property Description
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 100% leased with newly rented units at $1,050 each setting a new market rate within the complex. 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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials BrickWood Siding Covered Spaces 0 Garage YN No Levels One Lot Size Dimensions 45 X 150 M Open Parking Spaces 8 Parking Features Asphalt Parking Total 8 Roof Shingle View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 4789 Cooling Central Air Cooling YN Yes Fireplace YN No Flooring CarpetLaminate Heating Central Heating YN Yes

Property Features

Association YN No Building Area Total 4789 Buyer Financing ConventionalSeller Financing Gross Income 37200 Inclusions APPLN Laundry Features IndividualGas Dryer HookupWasher Hookup Net Operating Income 24885 New Construction YN No Operating Expense 12315 Owner Pays Water Pool Private YN No Property Attached YN Yes Sewer Public Sewer Special Listing Conditions Standard Stories 2 Tax Annual Amount 1945 Total Actual Rent 1800 Water Source Public Year Built Details RENOV Zoning Apartments

Realtracs Solutions logo Offered by PCG Commercial, Inc: 9163030133. Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (DeSelms Team Zeitlin Sotheby’s International Realty, 615-550-5565). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or DeSelms Team Zeitlin Sotheby’s International Realty. IDX information 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. Data last updated 2024-06-20T00:06:02.947.

Based on information submitted to the MLS GRID as of 2024-06-20T00:06:02.947. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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DeSelms Team Zeitlin Sotheby’s International Realty
4301 Hillsboro Rd Ste. 100
Nashville TN, 37215