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539 E Mclemore Ave

Memphis, TN 38106
  • $69,900
  • STATUS: Active
  • ON SITE: 1 Day
  • ID#: 10124008
New On Site 1 Day Ago
UPDATED: 41 min ago
$69,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

HUGE Cash cow!! Just Down the street from STAX Museum! Duplex w sep electric meters. Needs substantial cosmetic work plus significant other work. Net rent of $1200/ per mo on 5 doors. Upstairs is a self contained 1 BR, 1 BA apt w/ sep elec. Main flr is a 4 BR, 1 BA apt currently utilized as a boarding house to long term tenants on fixed incomes. Rents could be significantly higher. Add 75K to the list price for new HVAC, Electric, windows, foundation work, and cosmetic improvements. Owner/Agt.

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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: 2022-05-16T17:03:24.557.
www.justlistedhousesinmemphis.com/homes/128731297
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539 E Mclemore Ave Memphis, TN 38106

  • Price: $69,900
  • Status: Active
  • On Site: 1 Day
  • Updated: 41 min ago
  • ID#: 10124008
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Trigg
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
HUGE Cash cow!! Just Down the street from STAX Museum! Duplex w sep electric meters. Needs substantial cosmetic work plus significant other work. Net rent of $1200/ per mo on 5 doors. Upstairs is a self contained 1 BR, 1 BA apt w/ sep elec. Main flr is a 4 BR, 1 BA apt currently utilized as a boarding house to long term tenants on fixed incomes. Rents could be significantly higher. Add 75K to the list price for new HVAC, Electric, windows, foundation work, and cosmetic improvements. Owner/Agt.
Exterior Features

Covered Parking Spaces 0 Exterior And Windows Wood/Composition Lot Description Level Lot Size 50X154 Parking Driveway/Pad Parking Display 0 Pool Description None Style Victorian

Interior Features

Cooling Electric Cooling Floors And Ceilings Part Hardwood Heating Electric Hot Water Electric Unit1 Separate Living Room Unit1 Bedrooms 4 Unit1 Den Dimensions 0 Unit1 Dining Room Dimension 0 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Living Room Dimension 0 Unit1 Primary Dimension 0 Unit1 Total Baths 1 Unit2 Separate Living Room Unit2 Bedrooms 1 Unit2 Den Dimension 0 Unit2 Dining Room Dimension 0 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Living Room Dimension 0 Unit2 Primary Dimension 0 Unit2 Total Baths 1

Property Features

Annual City Tax 301 Annual County Tax 382 Contingency Type No Contingency Duplex Type Single Family Conversion Legal Subdivision Name Trigg Lot Number Pt 35 New Financing Conventional Type Of Leases 6 Month Warranty And Possession Addendums Possession At Closing

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Best Real Estate Company.



© 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: 2022-05-16T17:03:24.557.
 
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