$380,000
$419,900
9.5%For more information regarding the value of a property, please contact us for a free consultation.
5,000 SqFt
SOLD DATE : 05/19/2023
Key Details
Sold Price $380,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $76
Subdivision Mctighe
MLS Listing ID 10141643
Sold Date 05/19/23
Year Built 1965
Annual Tax Amount $4,943
Property Sub-Type Apartment Building
Property Description
Wow - stuff like this just does NOT come up on the market often! 8 x 2-bed units, rehabbed and cashflowing with room to grow rents over the next 12-24 months! Check the photos out for rehab photos and shots of the building. Your Agent can also get you financials and an offering packet with more info so please reach out to them and learn more! Current monthly schedule rent is $3,970, 7/8 units occupied. Potential monthly rents are closer to $5500-6000, making this a KILLER opportunity!
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Central, Gas
Cooling Central
Flooring Tile, Vinyl Floor
Laundry Connections
Exterior
Parking Features Attached, Gravel, Offsite/Street
Roof Type Composition
Building
Story 2
Foundation Slab
Water Gas, Public Sewer, Public Water
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Alicia Taylor • Emmett Baird Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "