About 631 Old Humboldt Road
Discover this exceptional investment opportunity at 631 Old Humboldt Rd, Jackson, TN. This turn-key quadplex features four spacious 2-bed, 1.5-bath units, each designed to offer comfortable living for tenants. The property has undergone significant upgrades, including a new wood pressure-treated deck (completed in 2021) and new sliding doors in units A and B (also completed in 2021).
In 2024, the property received a new roof and gutters, along with comprehensive repairs and painting of the fascia, soffit, and frieze board. The exterior elevations were also renovated, including waterproofing of windows and sliding doors, repairing and painting all wood trimming, installing a new front entrance door, repairing brick steps at both the front and back, replacing and painting window shutters, updating exterior lighting, and enhancing the landscaping around the building. Additionally, the entire property has been recently pressure washed, giving it a fresh and well-maintained appearance.
The property has been under the continuous care of Golden Circle Exterminators since 2013, and in 2024, it was treated with Termidor HE 10-Year for termite and subterranean protection, ensuring long-term peace of mind.
Each unit is currently rented for $850, which is approximately 30-40% below market value. The current owner has chosen to maintain this lower rent out of consideration for the long-term tenants, providing an incredible opportunity for new ownership. With rents well below market, there is significant potential to increase income while maintaining high tenant satisfaction.
Conveniently located near highways and local amenities, this quadplex offers a blend of modern updates, reliable maintenance, and tremendous growth potential. Don’t miss out on this rare opportunity to enhance your investment portfolio! Contact Nathan Lilly 731.300.4407 for info.
