Brick
For Sale
$235,000
40 Camelot Cove, Jackson, TN 38305
Each residence has its own kitchen and washer-and-dryer connections.
Property Size2,122 SF
Price / SF$110.74
Days on Market9
Property Features for 40 Camelot Cove
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Crye-Leike Elite
Listed By:
Haltom Real Estate
(731) 984-2200
Source:
Haltomhometeam
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 12:18PM
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 Crye-Leike Elite
Investment Insights
Based on property information with market context.
This brick duplex, built in 1975, has two residences, each with two bedrooms, one full bathroom and one half bathroom. Both sides include a kitchen with a range and refrigerator, along with connections for a washing machine and dryer. Renovations completed within the past five years included a roof, HVAC units and windows.
The property sits on Camelot Cove in a cul-de-sac, with access to the US-45 Bypass, Hollywood Dr and local shopping.
The property sits on Camelot Cove in a cul-de-sac, with access to the US-45 Bypass, Hollywood Dr and local shopping.
Key Highlights
- Two residences, each with 2 bedrooms, 1 full bathroom and 1 half bathroom
- Renovations within the past 5 years included a new roof, HVAC units and windows
- Separate kitchens with ranges and refrigerators, plus washer‑and‑dryer connections on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,706
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,120
$234.1K
Cap Rate 7%
$167,229
$167.2K
Cap Rate 9%
$130,067
$130.1K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$18.1K $8.52/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$16.7K $7.88/SF
− OpEx
−$5.0K −$2.36/SF
NOI
$11.7K $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%
$234,120
Cap Rate 7%
$167,229
Cap Rate 9%
$130,067
Alternative Uses
Best Use
Multifamily LT 5
$167.2K
$146.3K – $195.1K
NOI $11,706 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$156.6K
$137.1K – $182.7K
NOI $10,964 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
206
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
Check the figures for this property
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?
Duplex - Each residence has its own kitchen and washer-and-dryer connections.
Where is this duplex located?
The property is located at 40 Camelot Cove Jackson, TN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 full bathroom and 1 half bathroom; Renovations within the past 5 years included a new roof, HVAC units and windows; Separate kitchens with ranges and refrigerators, plus washer‑and‑dryer connections on both sides
