$359,900 Price Analysis    ♡   Memphis, TN 38107 6 bed None bath 3,144 SqFt ($114/SqFt) 0.42 acre lot. Built 1952 Listed 2024-06-13 | Ⓧ USDA Ineligible due to location near Memphis |
Just a few blocks from the burgeoning Downtown ara is this 6-unit apartment building - some claim to be close to Downtown
But this one really is! 4 of the units are occupied and one is rent-ready. This building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it. Each unit has a dedicated mini-split heat/air unit and parking. Area around building is nice, with new homes and high values - current rents are $2800, but should be $4000+ when vacants are turned!
Value-add potential
Presented by Randall Weatherall at
Memphis Metro Realty.
Property MLS #10174536 from Memphis
Bedrooms: 6
Laundry Facilities: Connections
Cooling Features: Individual Cooling
Heating Features: Individual Systems
Water Heaters: Electrical, Public Water, Public Sewer
Heating Features: Individual Systems
Water Heaters: Electrical, Public Water, Public Sewer
Flooring: Tile, Wood Laminate Floors
Sidewalks
Lot Size Acres: 0.4190083
Lot Size Dimensions: 18252
Lot Size Square Feet: 18252
Lot Size Dimensions: 18252
Lot Size Square Feet: 18252
Garage Description: Asphalt/Blacktop
Number of Buildings: 1
Number of Units: 6
Unit Type: 1 BR - 1 Bath
Number of 1 Bedroom Units: 6
Number of Units: 6
Unit Type: 1 BR - 1 Bath
Number of 1 Bedroom Units: 6
Lease Term: Monthly, Year
Tenant Pays: Electric
Tenant Pays: Electric
Annual Tax Amount: 2331
Source Listing Status: Active
County: Shelby
Directions: Driving W on N Pkwy, take a right onto Thomas St., then a right onto Bethel Ave. The units will be on the left.
Source Property Type: Multi-Family
Inclusions: Building and Land
Area: Harbor Town/Downtown
Source Neighborhood: Charles Erck
Owner Pays: Management, Some Utilities, Repairs/Maintenance, Taxes
Parcel Number: 027006 00029
Subdivision: Charles Erck
Zoning: MD-R
Property Subtype: Apartment Building
Source System Name: C2C
Source Listing Status: Active
County: Shelby
Directions: Driving W on N Pkwy, take a right onto Thomas St., then a right onto Bethel Ave. The units will be on the left.
Source Property Type: Multi-Family
Inclusions: Building and Land
Area: Harbor Town/Downtown
Source Neighborhood: Charles Erck
Owner Pays: Management, Some Utilities, Repairs/Maintenance, Taxes
Parcel Number: 027006 00029
Subdivision: Charles Erck
Zoning: MD-R
Property Subtype: Apartment Building
Source System Name: C2C
Listed 2024-06-13
$359,900
Memphis
$359,900
Memphis
Total Square Feet Living: 3144
Year Built: 1952
Construction Materials: Brick
Foundation Details: Conventional/Crawl Space
Property Age: 72
Roof: Composition
Levels or Stories: 1
Year Built: 1952
Construction Materials: Brick
Foundation Details: Conventional/Crawl Space
Property Age: 72
Roof: Composition
Levels or Stories: 1
Humes Preparatory Academy Middle School is a public middle school located approximately 0.3 miles away.
Map directions
Map directionsManassas High School is a public high school located approximately 0.6 miles away.
Map directions
Map directionsMemphis Scholars Caldwell-Guthrie is a public elementary school located approximately 0.7 miles away.
Map directions
Map directionsHoly Names of Jesus & Mary School is a private elementary and middle school located approximately 0.1 miles away.
Map directions
Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.