REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 80,000
Est. payment /mo
Active
2601 JACKSON AVE Memphis, TN 38108
2 Beds
1 Bath
0.32 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision Cleaves
MLS Listing ID 10207427
Style Bungalow
Bedrooms 2
Full Baths 1
Year Built 1922
Annual Tax Amount $540
Lot Size 0.320 Acres
Property Sub-Type Detached Single Family
Property Description
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.
Location
State TN
County Shelby
Area Overton Park
Rooms
Master Bedroom 0
Dining Room 0
Kitchen Separate Living Room
Interior
Heating Wall Unit
Cooling No Cooling
Flooring Hardwood Throughout
Fireplaces Number 1
Exterior
Exterior Feature Wood Window(s)
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level, Some Trees
Story 1
Others
Miscellaneous Porch
Virtual Tour https://youtu.be/GPrqW1_Fbos
Listed by Michael T Valenza • eXp Realty, LLC