BEDS0
BATHS
SQUARE FEET11,730
MLS#3611630
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCampbell Land Est Nr
Property Description
Motivated seller. Bring your offers!!! Now priced at $325,000. This offering includes an existing multifamily building, adjacent parcel at 240 Airways Blvd, and fully signed and stamped architectural plans for an 8-unit redevelopment, giving an investor a defined path to completion.Current projections indicate $8,800 in monthly rent and ~17% cap rate. A detailed investor package is available outlining the renovation scope, architectural plans, unit mix, projected rents, expenses, and operating assumptions.The proposed plans include two 1-bedroom/1-bath ADA units, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units. The building is currently in shell condition and ready for renovation, while the additional parcel provides flexibility for parking, outdoor amenities, or future expansion. Historically operated as 10 units, the property offers longer-term options beyond the current 8-unit plans.Located along the Airways Blvd corridor near downtown Jackson, the property sits within an area benefiting from continued public and private investment and the broader economic growth occurring throughout West Tennessee. Property is being sold as-is. Full investor materials available upon request.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 100 X 144 IRR COR
Roof Type: Shingle
Stories: 2.0
Taxes: $3,730
Year Built: 1920
Feature Descriptions
Accessibility: Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Association Amenities: Sidewalks
Days on Site: 16
Exterior: Brick, Frame, Vinyl Siding, Wood Siding
Flooring: Other
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 100 X 144 IRR COR
Parcel#: 077M D 01500 000
Parking: Parking Lot
Parking Notes: Parking Lot
Security: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Sewer: Public Sewer
Units: 10
Utilities: Water Available
Water: Public
Local Schools
High School: South Side High School
Middle School: Jackson Career Technology Magnet Element
Elementary School: Isaac Lane Technology Magnet Elementary
Listed By / Shown By
Listed By
Agency Name: Southern Athena
Agency Phone: 6159300931
Shown By
Agency Title: Crye-Leike Real Estate Services - Adaro Realty - Memphis
Agency Phone: 901-751-6675
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 1,128.93 per month $723.31 Principal & Interest $310.83 Property Tax $94.79 Homeowner's InsuranceChange Payment Information
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236 Airways Blvd | MLS# 3611630
This multi-family property located at 236 Airways Blvd , Jackson, TN 38301 is currently listed for sale with an asking price of $325,000. Search Jackson real estate on www.adarorealty.com today.