$350,000
SOLD APR 25, 2025

21 River Oaks Dr Jackson, TN 38305

-- Bed
-- Bath
3,640 Sq Ft
1 Acres

Recently Sold

$96 Per Sq Ft

11% Below List Price

46 Days on Market

About This Home

As of April 2025

Discover an exceptional investment opportunity with this fully rented quadplex, recently updated to meet modern living standards. This well-maintained property boasts four distinct units, each currently occupied, ensuring immediate cash flow for the savvy investor. With its prime location and attractive cap rate, this quadplex presents a fantastic chance to expand your real estate portfolio. Don't miss out on the potential for solid returns—this property is a must-see for both new and experienced investors!

Last Agent to Sell the Property

Marco Taaffe

Premier Realty Group W TN, LLC License #350947 Listed on: 02/08/2025

Last Buyer's Agent

Brently Smith

Crye-Leike Elite License #374279

Crye-Leike Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,831

Year Built

  • Built in 2002

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • 8 Open Parking Spaces

Additional Features

  • Lot Dimensions are 68.82x145.35
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $3,057
  • Tenant pays for all utilities
  • Assessor Parcel Number 066J B 013.00

Community Details

Overview

  • 3 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Gross Income $3,057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,831

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Year Built: 2002
  • Property Sub-Type: Quadruplex
  • PropertyType: Residential Income
  • Total Gross Income: 3057.0
  • MLS Status: Closed
  • Carport Y N: No
  • Unit Levels: Two
  • Location Tax and Legal:Tax Annual Amount: 2831.21
  • Location Tax and Legal Parcel Number2: 066J B 013.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Dimensions: 68.82X145.35
  • General Property Information:Stories Total: 2
  • General Property Information Carport YN: No
  • Water Source:Public: Yes
  • Currently Not Used Heating YN: Yes
  • Levels:Two: Yes
  • Parking Information Open Parking YN: Yes
  • Parking Information Open Parking Spaces4: 8.0
  • General Property Information Home Warranty YN: No
  • General Property Information Number Of Units Total2: 4.0
  • General Property Information Number Of Buildings2: 1.0
  • Unit Details Number Of Units Leased: 4
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Water Meters: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: Asphalt, Common, Open
  • Total Parking Spaces: 8.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 8.0
  • Parking Features:Open: Yes
  • Parking Features:Asphalt2: Yes
  • Parking Features:Common: Yes

Utilities

  • Sewer: Other
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Lot Info

  • Parcel Number: 066J B 013.00
  • Lot Dimensions: 68.82X145.35

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Leased: 4
  • Tenant Pays: All Utilities
  • Total Actual Rent: 3057.0

Tax Info

  • Tax Annual Amount: 2831.21
  • Tax Book Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2025
Closed on
Apr 24, 2025
Sold by
Copoyo Llc
Bought by
Mutti Narinder S and Chahal Kulbir S
Seller's Agent
Marco Taaffe
Premier Realty Group W TN, LLC
Buyer's Agent
Brently Smith
Crye-Leike Elite
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%
Views
18
Current Estimated Value
$350,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789
Avg. Annual Appreciation
-25.04%
Original Mortgage
$280,000
Outstanding Balance
$280,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$32,786

Purchase Details

Listed on
Oct 22, 2019
Closed on
Aug 13, 2020
Sold by
Mehdian Rasoul
Bought by
Copoyo Llc
Seller's Agent
Ramona Lyons
DCL-7 Properties
Buyer's Agent
Marco Taaffe
Premier Realty Group W TN, LLC
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.12%
Original Mortgage
$136,000
Interest Rate
3%

Purchase Details

Listed on
Apr 8, 2018
Closed on
Jun 27, 2018
Sold by
Smart Moves Group Inc
Bought by
Mehdian Rasoul
Seller's Agent
Ronald Whitman
Golden Key
Buyer's Agent
Ramona Lyons
DCL-7 Properties
List Price
$139,500
Sold Price
$137,000
Premium/Discount to List
-$2,500
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Turnkey Memphis Properties
Bought by
Smart Moves Grp Inc

Purchase Details

Closed on
Oct 14, 2013
Sold by
Johnson Wilfred
Bought by
Turnkey Memphis Properties Llc

Purchase Details

Closed on
Apr 4, 2001
Sold by
Corey Gutgsell
Bought by
Wilfred Johnson

Purchase Details

Closed on
Mar 29, 1999
Bought by
B&C Partners Llc

Purchase Details

Closed on
Sep 9, 1991
Bought by
Genco Properties

Purchase Details

Closed on
May 5, 1986
Bought by
Jackson Phillip E

Purchase Details

Closed on
Jan 16, 1986

Purchase Details

Closed on
Sep 19, 1985
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Listed On Document
Warranty Deed $350,000 None Listed On Document
Warranty Deed $160,000 None Available
Warranty Deed $137,000 None Available
Warranty Deed $135,000 --
Deed $80,000 --
Deed $60,000 --
Warranty Deed $45,000 --
Warranty Deed -- --
Warranty Deed $15,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Closed $280,000 New Conventional
Previous Owner $230,028 New Conventional
Previous Owner $136,000 No Value Available
Previous Owner $109,600 Commercial
Previous Owner $20,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $350,000 -11.4% $96 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
02/08/2025 02/08/25 For Sale $395,000 0.0% $109 / Sq Ft
02/06/2025 02/06/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $395,000 +146.9% $109 / Sq Ft
08/13/2020 08/13/20 Sold $160,000 -3.0% $44 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
03/10/2020 03/10/20 Price Changed $165,000 -7.8% $45 / Sq Ft
10/22/2019 10/22/19 For Sale $179,000 +30.7% $49 / Sq Ft
06/30/2018 06/30/18 Sold $137,000 -1.8% $38 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
04/08/2018 04/08/18 For Sale $139,500 -- $38 / Sq Ft
Source: Central West Tennessee Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,522 $81,240 $5,240 $76,000
2022 $2,831 $81,240 $5,240 $76,000
2021 $2,277 $52,800 $4,200 $48,600
2020 $2,277 $52,800 $4,200 $48,600
2019 $2,277 $52,800 $4,200 $48,600
2018 $2,277 $52,800 $4,200 $48,600
2017 $2,471 $56,000 $4,200 $51,800
2016 $2,303 $56,000 $4,200 $51,800
2015 $2,303 $56,000 $4,200 $51,800
2014 $2,303 $56,000 $4,200 $51,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 2500296

Central West Tennessee Association of REALTORS®

APN: 066J-B-013.00