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101 Court Sq

Covington, TN 38019
  • $290,000
  • STATUS: Closed
  • ON SITE: 433 Days
  • ID#: 10104390
Sold - 09/07/2021
$290,000
SOLD - 09/07/2021
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1938
County:

School Ratings & Info

Description

Great opportunity to own a corner lot commercial building on the Covington Square. Its a multi tenant commercial building that is 80% occupied. The building is in great shape, new roof 2 years ago, 2 brand new AC units this month, 5 of the 7 units are rented with $3,125 in gross monthly income, and a prospective tenant negotiating for 1 of the vacant spaces. Since 2000 this property has had numerous upgrades to include electrical, plumbing and passed a structural inspection.

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© 2022 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Agency. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-26T12:03:12.043.
www.justlistedhousesinmemphis.com/homes/119480278
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101 Court Sq Covington, TN 38019

  • Price: $325,000
  • Status: Closed
  • On Site: 433 Days
  • Updated: 5 min ago
  • ID#: 10104390
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1938
Built
Neighborhood:
none
County:
Tipton
Area:
Tipton - North
Property Description
Great opportunity to own a corner lot commercial building on the Covington Square. Its a multi tenant commercial building that is 80% occupied. The building is in great shape, new roof 2 years ago, 2 brand new AC units this month, 5 of the 7 units are rented with $3,125 in gross monthly income, and a prospective tenant negotiating for 1 of the vacant spaces. Since 2000 this property has had numerous upgrades to include electrical, plumbing and passed a structural inspection.
Exterior Features

Buildings 1 Location CityCornerFree StandingOffice BuildingShopping Center Lot Size 46 X92 Parking Facility Asphalt/Blacktop Road Frontage City Street Road Frontage Feet 138 Roof Flat Truck Loading Door Height Less Than 6 Ft

Interior Features

Average Ceiling Height 16-20.9 Feet8-10.9 Feet Cooling System Central CoolingIndividual Cooling Floors HardwoodTile Foundation Finished BasementMaintenance AreaPartial BasementSlabStorage AreaUnfinished BasementWalk-Out Basement Heating System CentralGasHeat PumpIndividual Systems Hot Water Electric Hot WaterGas Hot WaterPublic SewerPublic Water Offices 6 Restrooms 10

Property Features

Annual City Tax 1179 Annual County Tax 1937 Commercial Type Commercial Existing Financing Conventional Fixed Information Available Plat Legal Subdivision Name None Miscellaneous Roof SignRest Rooms220 Volt PowerHistoric District New Financing Conventional Percent Occupancy 80 Possession Lease 1-5 Years LeaseMonth To Month LeasePossession At ClosingTenants Rights Sale Includes Building And LandBuilding Only Tenant Pays All Utilities Type Usage HistoricalOfficeRetail Zoning Comm

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Hometown Realty: 901-837-7355.



© 2022 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Agency. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-26T12:03:12.043.
 
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7455 McVay Station Ct, Ste 101
Germantown TN, 38138