Colonial Brick Apartment Office
For Sale
Contact for pricing
441 E Chester Street, Jackson, TN 38301
Colonial brick mixed-use building with centralized heat and air, fully leased month-to-month with residential and office spaces.
Property SizeContact for details
Days on Market123
Property Features for 441 E Chester Street
General Information
Standard status
Active
Property subtype
Mixed Use
Occupancy
100%
Units
Multifamily Units
7
Office Units
6
Additional Details
Cap Rate
13%
Building Details
Construction
Colonial
Tenancy
Multi
Listing Agency:
Zetabid
Listed By:
Michael Davin · License #CA 00986388
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zetabid
Investment Insights
Based on property information with market context.
This Colonial-style brick mixed-use property combines apartment and office components under one roof. The building features central heat and air and has had multiple upgrades and improvements. The current mix includes 7 residential units and 6 office suites, along with a studio/garage. The residential configuration provides 6 full kitchens and 10.5 bathrooms across the units, with existing income tied to an in-place lease structure.
The property is described as 100% leased on month-to-month terms. The second floor is occupied by the owner, with the opportunity to consider a leaseback or to vacate upon possession. The information provided also states an annual NOI of $82,000 with a 13% cap rate based on the opening bid and 2018 pro forma.
The offering is being sold via a sealed bid auction scheduled for April 23, 2018 at 9:00am through April 26, 2018 at 4:00pm (EST), subject to buyer premium. Requests for the rent roll, financial information (2017 P/L actual), and a recent appraisal dated November 2017 are directed to the listing contact.
The property is described as 100% leased on month-to-month terms. The second floor is occupied by the owner, with the opportunity to consider a leaseback or to vacate upon possession. The information provided also states an annual NOI of $82,000 with a 13% cap rate based on the opening bid and 2018 pro forma.
The offering is being sold via a sealed bid auction scheduled for April 23, 2018 at 9:00am through April 26, 2018 at 4:00pm (EST), subject to buyer premium. Requests for the rent roll, financial information (2017 P/L actual), and a recent appraisal dated November 2017 are directed to the listing contact.
Key Highlights
- Sealed bid auction: April 23, 2018 at 9am through April 26, 2018 at 4pm (EST), subject to buyer premium
- Annual NOI of $82,000 and 13% cap rate (based on opening bid/2018 pro forma)
- Property is 100% leased; all units are month‑to‑month (owner‑occupied 2nd floor; may consider leaseback or vacate upon possession)
Property Analytics
Current Use
Lease Details
6
Office units
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Colonial brick mixed-use building with centralized heat and air, fully leased month-to-month with residential and office spaces.
Where is this apartment building located?
The property is located at 441 E Chester Street Jackson, TN.
What are key features of this property?
This property features: Sealed bid auction: April 23, 2018 at 9am through April 26, 2018 at 4pm (EST), subject to buyer premium; Annual NOI of $82,000 and 13% cap rate (based on opening bid/2018 pro forma); Property is 100% leased; all units are month‑to‑month (owner‑occupied 2nd floor; may consider leaseback or vacate upon possession)
