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639 Mississippi St

Memphis, TN 38126
  • $225,000
  • STATUS: Active
  • ON SITE: 69 Days
  • ID#: 10122576
UPDATED: 20 min ago
$225,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Ratings & Info

Description

Investor opportunity! Great opportunity for cash flow by increasing rent upon purchase(current rent $500), convenient to Downtown,FedEx Forum,Beale Street,resturants and shopping.Renovated 4 Plex with 2 bedrooms,1 bath, living room,eat in kitchen in each unit, and roof 1 year old.. Do not disturb tenants, make offers contingent upon inspections and need 24 hours notice to inspect.Selling AS-IS with no warranties

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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: 2022-07-06T14:03:30.073.
www.gowallacegroup.com/homes/128090938
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639 Mississippi St Memphis, TN 38126

  • Price: $225,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 20 min ago
  • ID#: 10122576
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
Neighborhood:
John Brown
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Investor opportunity! Great opportunity for cash flow by increasing rent upon purchase(current rent $500), convenient to Downtown,FedEx Forum,Beale Street,resturants and shopping.Renovated 4 Plex with 2 bedrooms,1 bath, living room,eat in kitchen in each unit, and roof 1 year old.. Do not disturb tenants, make offers contingent upon inspections and need 24 hours notice to inspect.Selling AS-IS with no warranties
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 50/55 X 126/150 Misc Exterior Ceiling Fan(S)Dedicated StreetsPartically FencedSidewalksSome Landscaping Parking Facility ConcreteOffsite/Street Roof Shingle/Shake

Interior Features

Cooling Systems 1 Window Unit Per Unit220 Wiring Floors And Ceilings Partial CarpetTileVinyl Floor Heating Systems GasWall Heat Hot Water GasIndividual SystemPublic SewerPublic Water Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 26400 Annual City Tax 458 Annual County Tax 580 Annual Insurance Expenses 1500 Annual Land Lease Payment 0 Annual Operating Expenses 3500 Assumption No Qualifying Average Annual Utilities 0 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 40800 Legal Subdivision Name John Brown Lot Number 5 Multifamily Type Apartment Building New Financing Cash OnlyConventional Operating Expenses Accounting/LegalAdvertisingLicense/PermitsManagementPayrollPest ControlRepairs/MaintenanceServicesTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingNegotiableTenants Rights Sale Includes All EquipmentBuilding And LandSome AppliancesSome Furnishing Source Of Info Owner Tenant Pays All UtilitiesCable Tv Type Of Leases MonthlyYear Type Of Units 2 Br - 1+ Baths

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Adaro Realty, Inc..



© 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: 2022-07-06T14:03:30.073.
 
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The Wallace Group Home & Loan | Keller Williams Realty
5224 Airline Road Suite 111
Arlington TN, 38002