541 South Royal Street
541 South Royal Street
Jackson, TN 38301
$360,000
Price
5
Beds
2
Baths
4,789 Sq. Ft.
$75 / Sq. Ft.
4,789
Sq. Ft.
$75
per Sq. Ft.
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 currently at 50% occupancy, presenting an opportunity for an investor to set higher market rents with their own tenants. This Quadplex...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 currently at 50% occupancy, presenting an opportunity for an investor to set higher market rents with their own tenants. 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.
- Listed by Adrian Del Rio • PCG Commercial, Inc • 9163030133
Property Details for 541 South Royal Street
Subdivision Name
Jackson Southeast District
WaterfrontNo
Location
Listing Courtesy of PCG Commercial, Inc
Add your commute
LISTING UPDATED: 03/28/2024 01:02 PM
Property Details for 541 South Royal Street
| Status | Active |
|---|---|
| MLS # | 2635800 |
| Days on Market | 32 |
| Taxes | $1,945 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1920 |
| Lot Size | - |
| County | Madison County |
Location
Listing Courtesy of PCG Commercial, Inc
Add your commute
Building Information for 541 South Royal Street
Stories2Residences4Year Built1920Building Size-Lot Size-
Payment Calculator
$2,127 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,965
Property Taxes
$162
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 541 South Royal Street
Summary
Location and General Information
- Directions: Drive onto Royal from Hwy 70, property is on the right handside
- Elementary School: Isaac Lane Technology Magnet Elementary
- High School: South Side High School
- Levels: One
- Living Area Source: Assessor
- Living Area Units: Square Feet
- Middle Or Junior School: Jackson Career Technology Magnet Elementary
- 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: 087A L 02700 000
- Structure Type: Quadruplex
Property and Assessments
- Construction Materials: Brick, Wood Siding
- Documents Count: 1
- New Construction: No
- Possession: Close Of Escrow
- Property Attached: Yes
- Stories: 2
- Year Built Details: RENOV
Utilities
- Cooling: Central Air
- Cooling: Yes
- Heating: Central
- 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: 4
Unit 1
- Unit Type Actual Rent: $800.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 3
- Unit Type Type: Unit 1
Unit 2
- Unit Type Actual Rent: $750.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Type: Unit 2
Rental Information
Rental Information
- Total Actual Rent: $1,550
Property History for 541 South Royal Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 541 South Royal Street
Taxable ValueLand$2,480Additions$53,320Total$55,800
Tax Record2022$1,944 ($162 / month)
Home Facts
Total Finished SqFt4,789 SqFtAbove Grade Finished SqFt4,789 SqFtStories2Lot Size1,960,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1950CountyMADISONAPN057087A L 02700Fireplace TypeHas Fireplace
Schools near 541 South Royal Street
This home is within Madison County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | 4 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Isaac Lane Technology Magnet Elementary School PublicPK to 3 | ||
Jackson Careers Technology Magnet Elementary Public4 to 8 | ||
South Side High School Public9 to 12 | ||
Parkview Learning Center PublicK to 12 |
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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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
