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1225 N Highland Ave 10 Unit Apartment Building $1,280,000 ($128,000/Unit) 8.25% Cap Rate Jackson, TN 38301
EXECUTIVE SUMMARY
Looking for a cash-flowing property in a prime Jackson location?? This 10 Unit, 2BD/1BA Turnkey Apartment Complex is your chance to step into a solid investment just minutes from Lambuth University and Jackson's Level 2 Medical Center, two of the area's strongest rental demand drivers. With High Occupancy, the new owner will see immediate returns on this investment. Property did appraise for 1.34 mil back in 2024. Contact Kristen Clark @ 731-202-1811 for more information.
PROPERTY FACTS
| Price | $1,280,000 | Building Class | C |
| Price Per Unit | $128,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 7,260 SF |
| Cap Rate | 8.25% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 2.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C - Commercial | ||
| Price | $1,280,000 |
| Price Per Unit | $128,000 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,260 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
AMENITIES
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 078A-D-026.00 | Improvements Assessment | $170,200 |
| Land Assessment | $6,600 | Total Assessment | $176,800 |
PROPERTY TAXES
Parcel Number
078A-D-026.00
Land Assessment
$6,600
Improvements Assessment
$170,200
Total Assessment
$176,800
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BHGRE Jackson
1225 N Highland Ave
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