Near Blue Oval City

$398,000
3306214 MLS
Multifamily Investor Opportunity: 8–10 unit multifamily property portfolio located in downtown Jackson, TN. This value-add opportunity offers investors a rare chance to redevelop an existing multifamily building in a market with extremely limited apartment supply. The existing structure is in shell condition and prepped for renovation and redevelopment. Purchase is supported by full signed and stamped architectural plans for an 8 unit buildout of 2 - 1Bed/1Bath ADA Units, 2 - 2 Bed/2 Bath Units, and 4 - 1 Bed/1Bath Units. The included adjacent parcel at 240 Airways Blvd, provides additional flexibility for parking, outdoor amenities, or future expansion, adding long-term value and optionality. A detailed investor package is available outlining the renovation scope, unit mix, projected rents, and operating assumptions. Pro forma projections indicate monthly rents of approximately $8,800 at stabilization and a projected stabilized cap rate of roughly 9.5%. Once renovations are complete and the property is placed into service, investors may benefit from accelerated depreciation through a cost segregation study, further enhancing returns. New multifamily construction in this submarket has been minimal for over a decade, making well-located assets like this increasingly difficult to replace. The property is located along Airways Blvd, an area benefiting from city-funded corridor improvements, with additional public and private investment underway throughout downtown Jackson. Regional housing demand continues to strengthen due to the Ford BlueOval City expansion, driving long-term employment and population growth in the surrounding area. This offering is well-suited for cash buyers, value-add investors, or 1031 exchange purchasers seeking strong income potential, limited competition, and long-term upside in a growing West Tennessee market. Full investor materials available upon request.

236 Airways Blvd, Jackson

$360,000
4 Beds 2 Baths 3302232 MLS
Some homes are just a place to sleep. This one became the place everyone wanted to be. Step through the front door and soaring ceilings and warm hardwood floors greet you right away. The great room looks out to a private, fenced backyard and a sparkling 18' x 36' in-ground pool. You can tell right away this is where the current owners spent their weekends: pool days, dinners on the covered patio, the kind of easy evenings that make a house feel like home. The one-level floor plan offers over 2,000 square feet and four bedrooms in a smart split layout, so everyone gets their own space without losing that connected, central living feel. Fresh paint and new bedroom flooring mean it's ready to move into as-is. The kitchen's custom cabinetry and solid-surface counters give it a timeless, well-built feel rather than a trendy one. Out back, the fenced yard is built for enjoying, not maintaining. Between the pool and the covered patio, you've got a real outdoor living space, plus a yard size that won't eat up your Saturdays. This one sits in the established section of Walnut Trace North, built by a well-known local builder back when the neighborhood was first taking shape. It's the kind of craftsmanship that still holds up. And with I-40, shopping, dining, and medical care all close by, you get the charm of an established neighborhood without giving up convenience. If you've been looking for a home that's easy to live in every day and even better for weekends by the pool, this one's worth a look.

55 Hemingway Cv, Jackson

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