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3969 Southlawn Ave

Memphis, TN 38111
  • $474,900
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: 10143954
New On Site 4 Days Ago
UPDATED: 42 min ago
$474,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

RARE value-add multifamily available close to University of Memphis. Property includes 6 units (2 One Bedrooms, 4 Two Bedrooms). Central heat/air. 100% occupied. Current scheduled rent is $3,700 with proforma monthly rent of $5,300 after renovation. Professional management in place. Please do not disturb tenants.

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© 2023 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: 2023-03-22T11:03:13.753.
www.gowallacegroup.com/homes/137798482
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3969 Southlawn Ave Memphis, TN 38111

  • Price: $474,900
  • Status: Active
  • On Site: 4 Days
  • Updated: 42 min ago
  • ID#: 10143954
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Southlawn Commercial
County:
Shelby
Area:
Getwell/Park
Property Description
RARE value-add multifamily available close to University of Memphis. Property includes 6 units (2 One Bedrooms, 4 Two Bedrooms). Central heat/air. 100% occupied. Current scheduled rent is $3,700 with proforma monthly rent of $5,300 after renovation. Professional management in place. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 9474 Misc Exterior Wood Fence Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems Central Floors And Ceilings Hardwood ThroughoutTile Heating Systems Central Hot Water Electrical Laundry Dryer in UnitWasher in Unit

Property Features

1 Bedroom Units 2 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 44400 Annual City Tax 1183 Annual County Tax 1485 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 44400 Legal Subdivision Name Southlawn Commercial Lot Number 1 Multifamily Type Apartment Building New Financing Other (Call La) Operating Expenses InsuranceRepairs/Maintenance Other Units 0 Percent Occupancy 100 Possession Negotiable Sale Includes All AppliancesBuilding And Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Diversified Real Estate: 901-435-3801.



© 2023 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: 2023-03-22T11:03:13.753.
 
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The Wallace Group Home & Loan | Keller Williams Realty
5224 Airline Road Suite 111
Arlington TN, 38002