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Listing Details

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Description

Midtown six-unit building fully rented near Crosstown! Complete rehab in 2019 (including roof, electrical, lighting, floors, laundry facility, & more). This is your opportunity to walk into a professionally managed turnkey investment property that is cashflowing right off the bat! Included is a separate building on the property that could be rehabbed (sold as-is), as well as a very large area of the lot with room to build (around 1/3 acre). Showing after accepted offer. DO NOT DISTURB TENANTS.

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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: 2021-09-19T00:03:03.263.
www.justlistedhousesinmemphis.com/homes/118667186
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1123 N Parkway Ave Memphis, TN 38105

  • Price: $499,000
  • Status: Active
  • ID#: 10102429
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Beds
0
Baths
0
½ Baths
N/A
Acres
1915
Built
Neighborhood:
Speedway Ter Blk F
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
Midtown six-unit building fully rented near Crosstown! Complete rehab in 2019 (including roof, electrical, lighting, floors, laundry facility, & more). This is your opportunity to walk into a professionally managed turnkey investment property that is cashflowing right off the bat! Included is a separate building on the property that could be rehabbed (sold as-is), as well as a very large area of the lot with room to build (around 1/3 acre). Showing after accepted offer. DO NOT DISTURB TENANTS.
Exterior Features

Buildings 1 Construction BrickBrick/VeneerWood/Composition Foundation Conventional/Crawl SpaceLaundry Facility Lot Size 130 X 213 Misc Exterior Professional LandscapingSecurity LightingSome Landscaping Parking Facility 1 Per UnitAsphalt/BlacktopAssigned Roof Composition

Interior Features

Cooling Systems 2+ Window Units Per Unit Floors And Ceilings TileVinyl Floor Heating Systems ElectricalGasWall Heat Hot Water GasPublic SewerPublic Water Improved Sq Ft 4768 Laundry Common Laundry

Property Features

1 Bedroom Units 6 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 42300 Annual City Tax 3401 Annual County Tax 4309 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 50400 Legal Subdivision Name Speedway Ter Blk F Lot Number 32-33 Multifamily Type Apartment Building New Financing ConventionalPrivate Operating Expenses InsuranceManagementSome Utilities Other Units 1 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays ElectricGasHeatingPet DepostSecurity DepositSome Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Bluff City Realty Group, Llc.



© 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: 2021-09-19T00:03:03.263.
 
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1930 Exeter Rd
Germantown TN, 38138