236 Airways Blvd

Jackson TN 38301

11730 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

17 carspaces

17 open car spaces

11730 sq. ft. floor area

Multi-Family

Property history for 236 Airways Blvd

2020

Sold

$140,000

30 Mar 2020

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