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216 N Hollywood St

Memphis, TN 38112
  • $1,999,999
  • STATUS: Active
  • ON SITE: 94 Days
  • ID#: 10117602
Price Reduced
UPDATED: 77 min ago
$1,999,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Ratings & Info

Description

Rare opportunity to own a Retro Style 10 Unit Apartment building in a prime location. Building has been completely renovated. Close to Broad Street Arts District and new development everywhere. Property is in excellent condition with new roof, gated parking, 100% occupied. Each unit is a 3BR/ 1.5 BA, renovated kitchen with granite, s/s appliances including stove, dishwasher, microwave, refrigerator, and washer/dryer. Completely renovated baths, central hvac, new windows, etcturnkey renovation.

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© 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 The Wallace Group Home & Loan | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-05-22T09:03:10.577.
www.gowallacegroup.com/homes/125869525
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216 N Hollywood St Memphis, TN 38112

  • Price: $1,999,999
  • Status: Active
  • On Site: 94 Days
  • Updated: 77 min ago
  • ID#: 10117602
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Barton & Lamb
County:
Shelby
Area:
Overton Park
Property Description
Rare opportunity to own a Retro Style 10 Unit Apartment building in a prime location. Building has been completely renovated. Close to Broad Street Arts District and new development everywhere. Property is in excellent condition with new roof, gated parking, 100% occupied. Each unit is a 3BR/ 1.5 BA, renovated kitchen with granite, s/s appliances including stove, dishwasher, microwave, refrigerator, and washer/dryer. Completely renovated baths, central hvac, new windows, etcturnkey renovation.
Exterior Features

Buildings 1 Construction BrickEnergy FeaturesStone Foundation Finished BasementPartial BasementSlabStorage AreaWalk-Out Basement Lot Size 72 X 318.62 Misc Exterior Curbs/GuttersSidewalksSecurity LightingProfessional LandscapingWood FenceFully FencedSecurity GateCeiling Fan(S) Parking Facility AttachedConcreteEnclosedMore Than 1 Per UnitSecured Roof Composition

Interior Features

Appliances Equipment RefrigeratorIce MakerRange/Oven (Freestanding)DisposalDishwasherExhaust Fan/Vent HoodMicrowaveSmoke Detector(S)Other (See Remarks) Cooling Systems 220 WiringCentralIndividual Cooling Floors And Ceilings 8 FeetDry WallTileVinyl Floor Heating Systems CentralGasIndividual Systems Hot Water ElectricalPublic SewerPublic Water Laundry Dryer in UnitEquipment OwnedWasher in Unit

Property Features

1 Bedroom Units 0 2 Bedroom Units 0 3 Bedroom Units 10 Actual Annual Rent 155700 Amenities Extra StorageDumpsterPrivacy Walls/FencesOther (See Remarks) Annual City Tax 11515 Annual County Tax 14643 Annual Insurance Expenses 4650 Annual Land Lease Payment 0 Annual Misc Income 0 Annual Operating Expenses 3000 Assumption No Assumption Average Annual Utilities 1488 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 180000 Legal Subdivision Name Barton & Lamb Lot Number 33 Multifamily Type Apartment Building New Financing Other (Call La) Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxesTrash Collection Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes All AppliancesAll EquipmentBuilding And Land Source Of Info BrochureCurrent RecordsLeasesRent Roll Tenant Pays All UtilitiesCable TvCleaning FeesElectricGasHeatingPet DepostSecurity DepositTrash CollectionWater/Sewer Type Of Leases Year Type Of Units 3 Br - 1+ Baths

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Stixnbrix.



© 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 The Wallace Group Home & Loan | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-05-22T09:03:10.577.
 
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The Wallace Group Home & Loan | Keller Williams Realty
5224 Airline Road Suite 111
Arlington TN, 38002