Address
5251 US 61 HWY Memphis, TN
Price
$ 350,000
Property Attributes
  • MLS#10097503
  • TypeMulti-Family
  • CountySHELBY
  • CityMemphis
  • AreaCoro Lake
  • Zip38109
  • Style
  • Year Built1946
  • Taxes$ 3401
  • Price$ 350,000
  • Bedrooms10
  • Full Bathrooms2
  • Half Bathrooms0
Listing Provided Courtesy Of:
Crye-Leike, Inc., REALTORS
Data Source:
Memphis Area Association of REALTORS
Property Description

This property would be great for a Gas Station, Restaurant, Car Dealership, Shopping Center, Supermarket, Motel, or much more. Great opportunity of Investment. The building next door at 5239 is included as a package deal. The interior of 5239 is unfinished. Both properties are being sold "as-is." Both properties together has an approx. acreage of 1.24. Please call agent for showings, and do not approach. Property is currently occupied.

Price History
4/20/2021 Listed $350,000

General Features

Area 765C
City Memphis
Class Multi-Family
Construction Wood/Composition
Cooling Systems Central
Heating Systems Central
Laundry Y/N Connections
Legal Subdivision Name N/A
Listing Area Coro Lake
Operating Expenses Other (Call LA)
Roof Shingle/Shake
Service Type Full Service Listing
Status Active
Status Active
Stories 2
Type Other (See REMARKS)
Year Built 1946

Interior Features

# 1 Bedroom Units 4
# 2 Bedroom Units 3
Floors/ceilings Hardwood Throughout, Partial Carpet
Hot Water Electrical
Total # Of Units 2

Exterior Features

Sale Includes Building and Land
Foundation Conventional/Crawl Space
Lot Size 100 X 160 IRR
Number of Buildings 1
Parking Facility Concrete

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 38109

Price
AVG $220K
$350K
Taxes
AVG $2,170
$3,401
Visits
AVG 117
75
Year Built
AVG 1952
1946

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