Great Investment opportunity with 24 one bedroom units 100% occupied.

This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request.

Laundry facilities on site fr additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold as is . Property sold subject to tenants rights.

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on 774 Melrose St
in Memphis, TN
Presented by Lowell Brister at
Leco Realty, Inc.


Property MLS #10167542 from Memphis

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 24

+ Appliances

Laundry Facilities: Common Laundry

+ Heating and Cooling

Heating Features: Gas

+ Interior Features

Flooring: Partial Carpet

+ Land Info

Lot Size Acres: 0.57
Lot Size Dimensions: 125X200
Lot Size Square Feet: 24829

+ Garage and Parking

Garage Description: Asphalt/Blacktop

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 24
Unit Type: 1 BR - 1 Bath
Number of 1 Bedroom Units: 24

+ Rental Info

Lease Term: Other (Call LA)
Tenant Pays: Other (Call LA)

+ Other Property Info

Annual Tax Amount: 13895
Source Listing Status: Active
County: Shelby
Directions: South on Melrose from Central Ave. ; Property located on the left.
Source Property Type: Multi-Family
Inclusions: Building and Land
Area: Central Gardens
Source Neighborhood: MEACHAM&VOORHEIS
Owner Pays: Management, Insurance, Trash Collection, Repairs/Maintenance, Taxes
Subdivision: MEACHAM&VOORHEIS
Zoning: RU-4
Property Subtype: Apartment Complex
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-04-19
$1,750,000
Memphis

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Listed 2024-03-09
$1,980,000
Memphis

+ Building and Construction

Year Built: 1956
Construction Materials: Brick
Foundation Details: Slab
Property Age: 68
Roof: Composition

+ Display Complete School Details

Bellevue Junior High School is a public middle school located approximately 0.6 miles away.
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Bruce Elementary School is a public elementary school located approximately 0.7 miles away.
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Central High School is a public high school located approximately 0.7 miles away.
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Immaculate Conception Elementary School is a private elementary and middle school located approximately 0.4 miles away.
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