
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.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
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.
© 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.