ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded

Occupied and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement.

11th unit is LARGE 2 story unt in the southwest corner of the building. Unit needs work to occupy. Helpful docs in the docs page including cash flows, rent roll, CapEx, etc. Showing occupied units with accepted offer.

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on 147 Stonewall St
in Memphis, TN
Presented by August Pacente at
Revid Property Management, Llc.


Property MLS #10170194 from Memphis

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+ Bedrooms

Bedrooms: 22

+ Appliances

Laundry Facilities: Connections, Common Laundry, Equipment Owned

+ Heating and Cooling

Cooling Features: Central
Heating Features: Central, Gas
Water Heaters: Gas

+ Interior Features

Interior Amenities: Refrigerator, Range/Oven (Built-In), Range/Oven (Freestanding), Cooktop/Wall Oven, Disposal, Dishwasher
Flooring: Tile, Vinyl Floor

+ Exterior and Lot Features

Sidewalks
Security Lighting
Some Landscaping
Wood Fence
Ceiling Fan(s)

+ Land Info

Lot Size Acres: 0.37
Lot Size Dimensions: 90 X 182.38
Lot Size Square Feet: 16117

+ Garage and Parking

Garage Description: Concrete, Offsite/Street

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 11
Unit Type: 2 BR - 1 Bath
Number of 2 Bedroom Units: 11

+ Rental Info

Lease Term: Year
Tenant Pays: All Utilities

+ Other Property Info

Annual Tax Amount: 5010
Source Listing Status: Active
County: Shelby
Directions: From Poplar and Cooper take Poplar west. Turn south on Stonewall, building will be on the west side of the street.
Source Property Type: Multi-Family
Inclusions: Building and Land, Some Appliances
Area: Central Gardens
Source Neighborhood: N W SPEERS
Owner Pays: Management, Insurance, Taxes
Subdivision: N W SPEERS
Property Subtype: Apartment Building
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-17
$1,550,000
Memphis

+ Building and Construction

Year Built: 1963
Construction Materials: Brick/Veneer
Foundation Details: Slab
Property Age: 61
Roof: Flat

+ Display Complete School Details

Central High School is a public high school located approximately 0.8 miles away.
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Bellevue Junior High School is a public middle school located approximately 1 miles away.
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Bruce Elementary School is a public elementary school located approximately 1 miles away.
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Mississippi Blvd Christian Academy is a private elementary school located approximately 0.5 miles away.
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