541 S Royal St, Jackson, Tennessee 38301
TN, Jackson-
Expired Status
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419 Days Off Market Sorry Charlie 🙁
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Residential Income Property Type
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4789 Total Sqft $75/sqft
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1920 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
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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.
- Property Type: Residential Income
- Listing Type: For Sale
- MLS #: 2635800
- Price: $360,000
- Square Footage: 4,789 Sqft
- Year Built: 1920
- Office Name: PCG Commercial, Inc
- Agent Name: Adrian Del Rio
- Property Attached: Yes
- Roof: Shingle
- Listing Status: Expired
- Street Number: 541
- Street: S Royal St
- City Jackson
- State TN
- Zipcode 38301
- County Madison County, TN
- Subdivision Jackson Southeast District
- Longitude: W89° 11' 10.2''
- Latitude: N35° 36' 27.2''
- Zoning: Apartments
- Directions: Drive onto Royal from Hwy 70, property is on the right handside
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Heating System Central
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Cooling System Central Air
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Parking Asphalt
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Utilities Water Available
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Flooring Laminate, Carpet
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Laundry Features Gas Dryer Hookup, Washer Hookup, Individual
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Sewer Public Sewer
- Elementary School: Isaac Lane Technology Magnet Elementary
- Middle School: Jackson Career Technology Magnet Elementary
- High School: South Side High School
- Water Source: Public
- Building Size: 4,789 Sqft
- Construction Materials: Wood Siding, Brick
- Levels: One
- Lot Size Dimensions: 45 X 150 M
- Number Of Units Total: 4
- On Market Date: March 27th, 2024
- Previous Price: $360,000
- Stories: 2
- Annual Tax Amount: $1,945
- Mls Status: Expired
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Jun 24th, 2024 @ 5:02am
- Status Change Timestamp: Jun 24th, 2024 @ 5:00am
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