Mixed Use Office / Apartment Building – Sealed Bid Auction Jackson, TN

Property Info

Zetabid is pleased to present this impressive multi-family residential apartment/office property for sealed bid auction. Great location, close to downtown, restaurants, and community activities. Colonial style with brick construction, central heat and air with many upgrades and improvements.  Annual NOI of $82,000 with a cap rate of 13% (based on opening bid/2018 pro forma). Property is 100% leased, all on month-to-month (2nd floor is occupied by owner-would consider a leaseback or can vacate upon possession). There are 7 residential units, 6 office suites and a studio/garage (6 full kitchens and 10.5 bathrooms). Please visit our Due Diligence Vault at Zetabid.com for Rent roll, financial information, 2017 P/L (actual) and a recent appraisal dated November 2017. 360 Virtual Tour: https://www.vpix.net/751729

  • City : Jackson
  • State : TN
  • Zip Code : 38301
  • Property Type : Office
  • Square Feet : 15854
  • Lot Size : 1.02 Acres
  • Year Built : 1930
  • Year Renovated : 2000
  • Zoning/Building Class : B-4 / C
  • Sub-Type : Office/Residential Building
  • Parking : 75 (4.75/1,000 SF)
  • APN : 078P-H-004.00
  • Cap Rate : 13%
Status:Active

Additional Information

Office Suites = 6 +Studio/Garage (2,000 sqft)

Apartment Units = 7

Bathrooms = 10 full, 1 half

Building SF = 15,854

SF Available for Rent = 12,508

Stories:  2 + Unfinshied Basement

Ample Parking

Cap Rate: 13.08%

Starting Bid: $625,000
  • Time Zone :Central

Important Information

  • Buyers Premium :5%
  • Broker Coop :2.5%
  • Financing :No
  • Inspection Contingency :Yes
  • Showings :Call Eric Koesterer @ 818-426-2660

Auction Contact

Broker Contact