Renovated
For Sale
$399,900
29 Camelot Cv, Jackson, TN 38305
Each residence offers two bedrooms, a full bath, kitchen appliances, and washer-dryer connections.
Property Size3,458 SF
Price / SF$115.64
Days on Market9
Property Features for 29 Camelot Cv
General Information
Standard status
Active
Size
3,458 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,555
Building Details
Buildings
1
Listing Agency:
Town and Country
(731) 668-7000
Listed By:
Kristen Londe · License #329613
(731) 431-2799
Source:
Exprealty
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 11:25PM
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 Town and Country
Investment Insights
Based on property information with market context.
The 3,458-square-foot property contains four residences, each arranged with two bedrooms and one full bathroom. Range and refrigerator appliances are included in each kitchen, and every unit has connections for a washer and dryer. Improvements completed within the past five years include a replacement roof, HVAC units, vinyl siding, and windows.
At 29 Camelot Cv in Jackson, the property sits on a cul-de-sac with access to the US-45 Bypass and Hollywood Dr. Local shopping is also nearby.
At 29 Camelot Cv in Jackson, the property sits on a cul-de-sac with access to the US-45 Bypass and Hollywood Dr. Local shopping is also nearby.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bathroom
- 3,458 square feet
- Range and refrigerator in each kitchen; washer and dryer connections in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,077
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
$381.5K
Cap Rate 7%
$272,529
$272.5K
Cap Rate 9%
$211,967
$212.0K
Market Conditions
NOI Build-Up for 3,458 SF
Gross rent
$29.5K $8.52/SF
− Vacancy
−$2.2K −$0.64/SF
EGI
$27.3K $7.88/SF
− OpEx
−$8.2K −$2.36/SF
NOI
$19.1K $5.52/SF
Area
Madison County, TN
Vacancy
7.50%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,540
Cap Rate 7%
$272,529
Cap Rate 9%
$211,967
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.5K – $318.0K
NOI $19,077 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$712.1K
$623.1K – $830.8K
NOI $49,845 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, a full bath, kitchen appliances, and washer-dryer connections.
Where is this quadplex located?
The property is located at 29 Camelot Cv Jackson, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 full bathroom; 3,458 square feet; Range and refrigerator in each kitchen; washer and dryer connections in every unit
