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3468 Bowen Ave

Memphis, TN 38122
  • $279,900
  • STATUS: Active
  • ON SITE: 2 Days
  • ID#: 10140957
New On Site 2 Days Ago
UPDATED: 89 min ago
$279,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Extremely rare set of units in one of the most desirable rental areas in Memphis! Just N of Summer Ave, off of Highland is this 4-unit set of houses, all on one lot! VALUE ADD Opportunity - add central heat/air in all units and leaseback the utilities and you should have all units rented from $700-900+, with strong tenants in the area! Unit Comp: Duplex - 1 x 2/1, 1 x 1/1 ADU1 - 1 x 1/1 ADU2 - 1 x Studio 2/1 is vacant Current monthly rent is $795, 695, 550 ($2,040) but can be $3200+ and STABLE!

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© 2023 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: 2023-01-28T00:03:07.203.
www.justlistedhousesinmemphis.com/homes/136449823
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3468 Bowen Ave Memphis, TN 38122

  • Price: $279,900
  • Status: Active
  • On Site: 2 Days
  • Updated: 89 min ago
  • ID#: 10140957
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Highland Heights Blk 14
County:
Shelby
Area:
Midtown/Holmes
Property Description
Extremely rare set of units in one of the most desirable rental areas in Memphis! Just N of Summer Ave, off of Highland is this 4-unit set of houses, all on one lot! VALUE ADD Opportunity - add central heat/air in all units and leaseback the utilities and you should have all units rented from $700-900+, with strong tenants in the area! Unit Comp: Duplex - 1 x 2/1, 1 x 1/1 ADU1 - 1 x 1/1 ADU2 - 1 x Studio 2/1 is vacant Current monthly rent is $795, 695, 550 ($2,040) but can be $3200+ and STABLE!
Exterior Features

Buildings 3 Construction Aluminum/Steel SidingVinyl SidingWood/Composition Foundation Conventional/Crawl SpaceSlab Land Sq Ft 10000 Lot Size 50X200 Misc Exterior Sidewalks Parking Facility Concrete Roof Composition

Interior Features

Cooling Systems 1 Window Unit Per Unit2+ Window Units Per UnitCentral Floors And Ceilings TileVinyl Floor Heating Systems CentralGasOther (See Remarks) Hot Water GasPublic SewerPublic Water Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 1 3 Bedroom Units 0 Actual Annual Rent 24360 Annual City Tax 612 Annual County Tax 778 Annual Insurance Expenses 3448 Assumption No Assumption Average Annual Utilities 6000 Contingency Type No Contingency Efficiency Studio Units 1 Existing Financing Conventional Fixed Gross Potential Annual Rent 34020 Legal Subdivision Name Highland Heights Blk 14 Lot Number W Pt 13 Multifamily Type Other (See Remarks) New Financing Conventional Operating Expenses All UtilitiesInsuranceManagement Other Units 0 Percent Occupancy 75 Possession At ClosingTenants Rights Sale Includes Building And LandSome Appliances Source Of Info LeasesOwnerP/L StatementRent Roll Tenant Pays Other (Call La) Type Of Leases MonthlyYear Type Of Units 1 Br - 1 Bath2 Br - 1 BathEfficiency/Studio

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Memphis Metro Realty: 901-352-6200.



© 2023 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: 2023-01-28T00:03:07.203.
 
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