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    1261 Central Ave

    Memphis, TN 38104
    • $429,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 10083584
    $429,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit building with a rent roll of $3,685 per month. Since renovation 11 months, property has been collecting 98.9% of rent roll. 2 studios, 3 one bedrooms, and 1 Larger Two Bedroom units are included. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. Owner pays common utilities, plan to move costs to tenants at renewal.

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    © 2020 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: 2020-09-30T00:03:06.707.
    www.justlistedhousesinmemphis.com/homes/109351651
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    1261 Central Ave Memphis, TN 38104

    • Price: $429,000
    • Status: Active
    • ID#: 10083584
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1917
    Built
    Neighborhood:
    Annesdale
    County:
    Shelby
    Area:
    Central Gardens
    Property Description
    Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit building with a rent roll of $3,685 per month. Since renovation 11 months, property has been collecting 98.9% of rent roll. 2 studios, 3 one bedrooms, and 1 Larger Two Bedroom units are included. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. Owner pays common utilities, plan to move costs to tenants at renewal.
    Exterior Features

    Buildings 1 Construction Brick Foundation Conventional/Crawl Space Lot Size 60X150 Misc Exterior Some Landscaping Parking Facility Concrete Roof Composition

    Interior Features

    Appliances Equipment RefrigeratorRange/Oven (Freestanding) Cooling Systems 1 Window Unit Per Unit2+ Window Units Per Unit Floors And Ceilings TilePartial CarpetWood Laminate Floors Heating Systems Central Hot Water Gas Laundry Dryer in UnitWasher in Unit

    Property Features

    1 Bedroom Units 3 2 Bedroom Units 1 3 Bedroom Units 0 Actual Annual Rent 42364 Amenities Other (See Remarks) Annual City Tax 1852 Annual County Tax 2347 Annual Insurance Expenses 1500 Assumption No Assumption Average Annual Utilities 6000 Contingency Type No Contingency Efficiency Studio Units 2 Existing Financing Conventional Fixed Gross Potential Annual Rent 44220 Legal Subdivision Name Snowden Homestead Multifamily Type Converted House New Financing ConventionalCash Only Operating Expenses InsuranceAll UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building And LandAll Appliances Source Of Info LeasesRent RollP/L Statement Tenant Pays Security Deposit Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 BathEfficiency/Studio

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Revid Investments, Llc.



    © 2020 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: 2020-09-30T00:03:06.707.
     
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