125 North Fairgrounds Street

125 North Fairgrounds Street

Jackson, TN 38301

$395,000
Price
7
Beds
4
Baths
3,769 Sq. Ft.
$105 / Sq. Ft.
3,769
Sq. Ft.
$105
per Sq. Ft.
front view of a house with a swimming pool
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with wooden floor and window
a kitchen with sink a refrigerator and white cabinets
a room with storage and utility
a kitchen with a sink window and cabinets
a bathroom with a toilet a sink and a bathtub
a front view of a house with a yard
a view of a house with a yard
a view of a house with large trees and wooden fence
a front view of a house with garden
a house that has a tree in front of it
a house that has a tree in front of it

Description

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...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.
  1. Listed by Adrian Del Rio • PCG Commercial, Inc • 9163030133

Property Details for 125 North Fairgrounds Street

Subdivision Name
Burkett Add
Waterfront
No

Location

Listing Courtesy of PCG Commercial, Inc
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LISTING UPDATED: 03/28/2024 01:02 PM

Property Details for 125 North Fairgrounds Street

StatusActive
MLS #2635723
Days on Market32
Taxes$1,345 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size-
CountyMadison County

Location

Listing Courtesy of PCG Commercial, Inc
Add your commute

Building Information for 125 North Fairgrounds Street

Stories1Residences5Year Built1976Building Size-Lot Size-

Payment Calculator

$2,268 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,156

Property Taxes

$112

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 125 North Fairgrounds Street

Summary
Location and General Information
  • Directions: From Airways Blvd turn onto N Fairgrounds, the property is on the left handside.
  • Elementary School: Arlington Elementary School
  • High School: South Side High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: North Parkway Middle School
  • Mlg Can View: Yes
  • Zoning: Apartments
Parking
  • Total Non Garage Parking Spaces: 8.0
  • Garage Spaces: .00
  • Parking Features: Asphalt
  • Parking Total: 8.00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 077L J 01500 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding, Wood Siding
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Carbon Monoxide Detector(s), Fire Alarm
  • Stories: 1
  • Year Built Details: RENOV
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Individual, Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Shingle
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Unit 1
  • Unit Type Actual Rent: $660.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $660.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $660.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $585.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $2,565

Property History for 125 North Fairgrounds Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 North Fairgrounds Street

Taxable ValueLand$3,400Additions$35,200Total$38,600
Tax Record2022$1,345 ($112 / month)
Home Facts
Total Finished SqFt3,769 SqFtAbove Grade Finished SqFt3,769 SqFtStories1Lot Size12,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1976CountyMADISONAPN057077L J 01500

Schools near 125 North Fairgrounds Street

This home is within Madison County School District.
Rating
School
Type
Grades
Distance
Arlington Elementary School
Public - PK to 5
North Parkway Middle School
Public - 6 to 8
South Side High School
Public - 9 to 12
Parkview Montessori Magnet School
Public - K to 8
Rating
School
Distance
Arlington Elementary School
PublicPK to 5

North Parkway Middle School
Public6 to 8

South Side High School
Public9 to 12

Parkview Montessori Magnet School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 125 North Fairgrounds Street, Jackson, TN 38301

125 North Fairgrounds Street is a multi-family home for sale in Jackson, TN 38301. This property was listed for sale on March 26, 2024 by PCG Commercial, Inc, it's currently listed at $395,000. It has been on the market for a total of 32 days and was last sold on June 1, 2021. This listing's school district is Madison County School District. Nearby schools include Arlington Elementary School, North Parkway Middle School and South Side High School. 125 North Fairgrounds Street is a 7-bed, 4-bath, 3,769 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PCG Commercial, Inc