Renovated Quadplex | Upside | "Hub City"

Highlights

• Recently renovated building and units.
• Great unit mix with 2 & 3 Bedroom units.
• Spacious floor plans with washer / dryer hook-ups.
• Expanding market with a shortage of housing.
• Major Employment hub to large companies.

Description

TN Firm Lic.265971
Broker Lic.371574
Adrian Del Rio
(615)626-6426 Direct
adelrio@pcgcommercial.com
99 E Main St., STE 200
Franklin, TN 37064



541 South Royal Street, a prime property for the first-time or savvy Multifamily investor looking to expand their portfolio. This 4,789 SF building, encompassing 4 units, offers historic southern charm having been built in 1920, while boasting modern updates from a recent 2024 renovation to primarily the interiors. Located in the growing Jackson market, this property is currently at 50% occupancy, presenting an opportunity for an investor to set higher market rents with their own tenants.

This Quadplex boasts an excellent unit mix of two (2) - 2 Bedroom / 1 Bath & two (2) - 3 Bedroom / 1 Bath units with Washer / Dryer hook-ups. Each unit is metered for electric and gas which contains their own individual water heater. Each unit is equipped with its own stove range, oven, and refrigerator.

With its attractive blend of character and newer amenities, this property stands ready to captivate discerning investors seeking an enticing well priced multifamily opportunity.

Renovations Include the following (Buyer to verify):
- New Roof
- New plumbing (Pex)
- Foundation work
- Interiors

541 S Royal is located in the eastern portion of the revitalized downtown near the Jackson Walk community which features 180 newly built apartment units, new construction for sale housing, the Lift Fitness Center, Grubb’s Grocery, Rock N Dough Pizzeria, and the Farmer’s Market. The area is considered an opportunity zone due to its historic nature and the continued restoration of these buildings and neighborhoods. The City of Jackson along with the Federal / City Courthouses main offices are in the downtown just blocks from 541 S Royal showing their commitment to the downtown market.

The city of Jackson is almost directly between Nashville and Memphis. Jackson, also known as Hub City, is a major retail, employment, and entertainment hub for the West Tennessee area serving a large 300,000 employment population. The resident population is approximately 68,000 (2023) however the region serves about 250,000 people during the weekend since it features anchored amenities such as Walmart, Home Depot, Lowe’s, Best Buy, and corporate restaurants.
Most importantly, Jackson features major employers such as Toyota, Owen's Corning, Stanley Black & Decker, Tyson Chicken Head Quarters (Gibson), Pinnacle Foods, Delta Faucet, Kellogg’s Brand, West Tennessee Healthcare (2 major regional hospitals), plus Lane College and the University of Memphis at Lambuth.

Jackson has experienced tremendous growth due to the high levels of migration out of high-cost major cities such as Nashville and Memphis into cities with lower rents, lower housing prices, and excellent employment opportunities. This migration has increased housing demand along with rents which have resulted in a housing shortage.