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    101 Court Sq

    Covington, TN 38019
    • $325,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 10104390
    New On Site 4 Days Ago
    UPDATED: 45 min ago
    $325,000
    • 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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    © 2021 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 RE/MAX Real Estate Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-07-24T16:03:06.953.
    www.justlistedhousesinmemphis.com/homes/119480278
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    101 Court Sq Covington, TN 38019

    • Price: $325,000
    • Status: Active
    • Updated: 45 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 Contingency Type No Contingency 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 Possession At ClosingTenants RightsMonth To Month Lease1-5 Years Lease Sale Includes Building And LandBuilding Only Tenant Pays All Utilities Type Usage HistoricalOfficeRetail Zoning Comm

    Listing information © 2021 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Hometown Realty.



    © 2021 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 RE/MAX Real Estate Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-07-24T16:03:06.953.
     
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