306 Cottonwood St Jackson, TN 38301
Estimated payment $1,876/month
Highlights
- No HOA
- Window Unit Cooling System
- Carpet
- Covered Patio or Porch
- Ceiling Fan
- Heating System Uses Natural Gas
About This Home
Rare investment opportunity in the heart of West Tennessee -a fully occupied, cash-flowing 5-property rental portfolio sold as one package and cannot be separated. This stabilized portfolio features long-term tenants (2-7 years), consistent payment history, and dependable income with no vacancies. The package produces $54,925 in annual rent, with only taxes ($2,500/year) and insurance ($3,000/year) as primary expenses yielding a strong $49,425 NOI and an impressive 14.05% cap rate at list price. All properties are single-family homes located within established neighborhoods, each with noted updates, functioning mechanical systems, and solid rental demand. Addresses include: 158 Cartmell St, 306 Cottonwood St., 1502 E Chester, 254 Linden, 3068 W Jackson St. A full income schedule, tax breakdown, and property notes are available upon request. This is an excellent fit for investors seeking immediate cash flow, minimal turnover risk, and scalable long-term growth. Portfolio must be purchased as a whole - no exceptions.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $365
Year Built
- Built in 1978
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 75x179
Home Design
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 960 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Kitchen
- Electric Range
- Laminate Countertops
Flooring
- Carpet
- Linoleum
Parking
- 2 Parking Spaces
- 1 Carport Space
- Gravel Driveway
- 2 Open Parking Spaces
Outdoor Features
- Covered Patio or Porch
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for all utilities, pest control, trash collection
- Assessor Parcel Number 078M D 017.01
Community Details
Overview
- No Home Owners Association
- 3 Units
- Hillcrest Circle Subdivision
Building Details
- Gross Lease
Map
Home Values in the Area
Average Home Value in this Area
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 | $169 | $10,475 | $950 | $9,525 |
| 2022 | $365 | $10,475 | $950 | $9,525 |
| 2021 | $375 | $8,700 | $500 | $8,200 |
| 2020 | $375 | $8,700 | $500 | $8,200 |
| 2019 | $375 | $8,700 | $500 | $8,200 |
| 2018 | $375 | $8,700 | $500 | $8,200 |
| 2017 | $416 | $9,425 | $500 | $8,925 |
| 2016 | $388 | $9,425 | $500 | $8,925 |
| 2015 | $388 | $9,425 | $500 | $8,925 |
| 2014 | $388 | $9,425 | $500 | $8,925 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | For Sale | $352,000 | +920.3% | $367 / Sq Ft | |
| 10/02/2020 10/02/20 | Sold | $34,500 | -26.6% | $36 / Sq Ft | View Prior Sale |
| 09/26/2020 09/26/20 | Pending | -- | -- | -- | |
| 08/28/2020 08/28/20 | Price Changed | $47,000 | -6.0% | $49 / Sq Ft | |
| 07/28/2020 07/28/20 | Price Changed | $50,000 | -12.3% | $52 / Sq Ft | |
| 07/13/2020 07/13/20 | Price Changed | $57,000 | -14.9% | $59 / Sq Ft | |
| 07/07/2020 07/07/20 | For Sale | $67,000 | +1240.0% | $70 / Sq Ft | |
| 07/06/2018 07/06/18 | Sold | $5,000 | -33.3% | $5 / Sq Ft | View Prior Sale |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- | |
| 05/31/2018 05/31/18 | For Sale | $7,500 | -- | $8 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $34,500 | None Available | |
| Warranty Deed | $5,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $17,600 | -- |
Source: Central West Tennessee Association of REALTORS®
MLS Number: 2505676
APN: 078M-D-017.01
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