Address
2601 Jackson Ave, Memphis, TN
Price
$ 80,000
Property Attributes
- MLS#10207427
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaOverton Park
- NeighborhoodCLEAVES
- Zip38108
- StyleBungalow
- Year Built1922
- Taxes$ 540
- Price$ 80,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1248
- Lot Size0.32 Acres
Data Source:
Memphis MLS (MAAR)
Property Description
Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The approved concept includes four units, each approximately 1,000 square feet, with three bedrooms and two baths per unit. The next phase of development will include a property survey and full architectural plans, after which pricing will be adjusted to reflect progress and value added to the project. Secure your equity now by purchasing at this early stage and complete the build yourself to maximize returns. With utilities already accessible on site, city approvals made, and a MFR complex proposed for the neighboring lot, this property is positioned perfectly for a cash flowing development.
| Price History | |
|---|---|
| 10/10/2025 | Listed $80,000 |
General Features
| Heating | Wall Unit |
|---|---|
| Cooling | No Cooling |
| Fireplaces | 1 |
| Status | Active |
| Full Baths | 1 |
| Legal Subdivision Name | CLEAVES |
| Style | Bungalow |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 744F |
| Parcel Number | 052051 00001 |
| Status | Active |
| Annual City Tax | 262 |
| Annual County Tax | 278 |
| Sale/Rent | For Sale |
| Area | Overton Park |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1922 |
| Directions | Continue on Jackson Ave. to property at the corner of Jackson Ave. and N. Bingham St. |
| City | Memphis |
| Virtual Tour | https://youtu.be/GPrqW1_Fbos |
| DOM | 343 |
Interior Features
| Living Room | Separate Living Room |
|---|---|
| Beds | 2 |
| Total Baths | 1 |
| Number of Rooms | 5 |
| Downstairs Bedrooms | 2 |
| FLOORS/CEILINGS | Hardwood Throughout |
Exterior Features
| Pool | None |
|---|---|
| Lot | 1 |
| Lot Size Area | 0.32 |
| Lot Size | 75X169 |
| Parking Display | No |
| Lot Description | Level,Some Trees |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Wood Window(s) |
| Misc. Exterior | Porch |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38108
Price
Taxes
Year Built
Visits
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