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Sold for $395,000
  • $395,000

    631 Old Humboldt Rd, Jackson, TN 38305

    --beds
    0baths
    4,270sqft
    Quadruplex
    Built in 1989
    -- sqft lot
    $-- Zestimate®
    $93/sqft
    $1,520 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,520/mo

    Zestimate® history
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    What's special

    Discover this exceptional investment opportunity at 631 Old Humboldt Rd, Jackson, TN. This turn-key quadplex features four spacious 2-bed, 1.5-bath units, each designed to offer comfortable living for tenants. The property has undergone significant upgrades, including a new wood pressure-treated deck (completed in 2021) and new sliding doors in units A and B (also completed in 2021). In 2024, the property received a new roof and gutters, along with comprehensive repairs and painting of the fascia, soffit, and frieze board. The exterior elevations were also renovated, including waterproofing of windows and sliding doors, repairing and painting all wood trimming, installing a new front entrance door, repairing brick steps at both the front and back, replacing and painting window shutters, updating exterior lighting, and enhancing the landscaping around the building. Additionally, the entire property has been recently pressure washed, giving it a fresh and well-maintained appearance. The property has been under the continuous care of Golden Circle Exterminators since 2013, and in 2024, it was treated with Termidor HE 10-Year for termite and subterranean protection, ensuring long-term peace of mind. Each unit is currently rented for $850, which is approximately 30-40% below market value. The current owner has chosen to maintain this lower rent out of consideration for the long-term tenants, providing an incredible opportunity for new ownership. With rents well below market, there is significant potential to increase income while maintaining high tenant satisfaction. Conveniently located near highways and local amenities, this quadplex offers a blend of modern updates, reliable maintenance, and tremendous growth potential. Don’t miss out on this rare opportunity to enhance your investment portfolio! Contact Nathan Lilly 731.300.4407 for info.

    Zillow last checked: 8 hours ago

    Listing updated: October 24, 2024 at 09:14am

    Listed by:

    Nathan Lilly,

    Lilly Realty

    Bought with:

    Non Member

    NON MEMBER

    Source: CWTAR,MLS#: 242814MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Electric
    Features
    • Flooring: Carpet, Vinyl
    Interior area
    • Total structure area: 4,270
    • Total interior livable area: 4,270 sqft

    Property

    Parking
    • Total spaces: 15
    • Parking features: Asphalt
    Features
    • Levels: Two
    Lot
    • Size: 0.25 Acres
    • Dimensions: .25
    Details
    • Parcel number: B 012.00
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1989

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Jackson

    HOA & financial

    Other financial information
    • Total actual rent: 3400

    Price history

    DateEventPrice
    10/24/2024Sold$395,000-4.1%$93/sqft
    Source: CWTAR #242814 Report a problem
    9/19/2024Pending sale$412,000$96/sqft
    Source: CWTAR #242814 Report a problem
    9/16/2024Price change$412,000-4.2%$96/sqft
    Source: CWTAR #242814 Report a problem
    8/6/2024Price change$430,000-2.3%$101/sqft
    Source: CWTAR #242814 Report a problem
    6/20/2024Listed for sale$440,000+193.5%$103/sqft
    Source: CWTAR #242814 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,111 $89,280
    2023$3,111 $89,280
    2022$3,111 +36.7%$89,280 +69.1%

    Find assessor info on the county website

    Neighborhood: 38305

    Nearby schools

    GreatSchools rating
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