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Listed by Drew Lekowski • MRG Realty Partners
$1,250,000
Est. payment /mo
7,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $178
Subdivision Walnut Grove
MLS Listing ID 3192301
HOA Y/N No
Year Built 1969
Annual Tax Amount $6,161
Lot Dimensions 103.2 X 140 COR
Property Description
This 10-unit multifamily investment opportunity at 1225 N Highland Ave in Jackson, TN offers a prime location along I-40, connecting Memphis and Nashville. The property features 2 bedroom, 1 bathroom units and has undergone $85K in renovations including a new roof, HVAC, washer/dryer, and furniture. The property is STR eligible, allowing investors to boost cash flow with short-term rentals in a booming market fueled by BlueOval City (Ford's $5.6B plant) becoming operational in 2025. High demand from business travelers, medical professionals, students, and university faculty ensures strong occupancy potential.
Location
State TN
County Madison County
Zoning g
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Andrew Jackson Elementary School
Middle Schools Jackson Central Merry Middle School
High Schools Liberty Technology Magnet High School
Others
Senior Community false
Special Listing Condition Standard
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