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2601 Jackson Avenue

Memphis TN 38108

2
1
1248 sq. ft.
0.32 ac.
Single-Family
Currently for sale - view listing

Overview

Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The approved concept includes four units, each approximately 1,000 square feet, with three bedrooms and two baths per unit. The next phase of development will include a property survey and full architectural plans, after which pricing will be adjusted to reflect progress and value added to the project. Secure your equity now by purchasing at this early stage and complete the build yourself to maximize returns. With utilities already accessible on site, city approvals made, and a MFR complex proposed for the neighboring lot, this property is positioned perfectly for a cash flowing development.

Features

2 bedrooms
1 bathroom
1248 sq. ft. floor area
0.32 ac. lot size
Single-Family

Happy sellers in Memphis

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We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.

Local market activity for 2 bedroom single-family properties in Memphis

In the last 12 months, 28 two-bedroom single-family properties similar to 2601 Jackson Avenue, have been sold.

This represents a 43% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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