| This investment property is located in the historic district of Jackson, Tn.
Other apartment buildings for sale in the area are $15,000 - $25,000 higher, we
have priced for quick sale. The basement area has a four car garage. The apartments have been freshly painted, rugs replaced, appliances replaced with new appliances. There are electric circuit breakers and a fairly new gas fired instant water heater. Each apartment is very large and the building is 4900 sq ft.
This is an opportunity for someone to live in one unit rent free while renting the other apartments that pay your mortgage. Will consider creative financing.
The rental property is located about a half mile from the Lambuth University. Two bedroom apartments normally run from 550.00 per month to 770.00 per month. Jackson Tennessee is located in the geographic and economic center of West Tennessee. Jackson has quick access to I-40. There's also easy access to a number of transportation corridors such as 4-lane US Highways 45 and 412, which provide handy outlets to the north, south, east and west. Jackson itself is only 85 miles east of Memphis and about 130 miles west of Nashville.
Jackson boasts a booming economy fueled by industrial growth and expansion, a 1.1 million person 13 county retail base and strong trade and service sectors. More than 10,000 new jobs have been added to the Jackson/Madison County area since 1990! In fact, Jackson can boast of one of the lowest unemployment rates in the state.
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