236 Airways Blvd, Jackson, TN 38301
- $345,000
- 11,730
- SqFt
- List Price
- $345,000
- Price Change
- ▼ $53,000 1786665604
- MLS#
- 3306214
- Days on Market
- 49
- Property Type
- Multifamily
- Sqft. of Residence
- 11,730
- County
- Madison County
- Status
- ACTIVE
Property Description
Motivated seller. Bring your offers!!! Now priced at $345,000. 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.
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Additional Information
- Community Amenities
- Sidewalks
- Construction Type
- Brick, Frame, Vinyl Siding, Wood Siding
- Cooling System
- Central Air
- Elementary School
- Isaac Lane Technology Magnet Elementary
- Floor Types
- Other
- Heating System
- Central
- High School
- South Side High School
- Junior High School
- Jackson Career Technology Magnet Elementary
- Laundry
- Electric Dryer Hookup, Washer Hookup
- Living Area
- 11,730
- Lot Dimensions
- 100 X 144 IRR COR
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Campbell Land Est Nr
- Tax Amount
- $3,730
- Water Source
- Public
- Year Built
- 1920
- Zoning
- Commercial
- Type
- Multifamily
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Listing courtesy of Southern Athena.
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