About This Home
This 2-bedroom, 1-bathroom single family at 2601 JACKSON Ave in Memphis, TN is listed for $80,000 ($64 per sqft). Built in 1922, the home offers 1,248 sqft of living space on a 0.32 acres lot.
Key Features
- Built in 1922
- 0.32 acre lot
- Fireplace
Property Details
Amenities
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.
Monthly Cost Estimate
$428/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2601 JACKSON Ave
Memphis, TN 38108
CLEAVES
Features & Amenities
Exterior Features
Property Details
Flooring
Outdoor Features
Parking
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom single family at 2601 JACKSON Ave is listed at $80,000 ($64/sqft). The estimated monthly payment is $428 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1922, 0.32 acre lot, Fireplace. Exterior Features: Porch.
This property is listed by Michael Valenza and can be reached at 9013357878.
