Property Attributes
- MLS#10159922
- TypeMulti-Family
- CountySHELBY
- CityMemphis
- AreaAirport-Oakhaven
- NeighborhoodOakhaven-Airport
- Zip38115
- StyleApartment Complex
- Year Built1965
- Taxes$ 24366
- Price$ 2,400,000
- Bedrooms72
- Full Bathrooms65
- Half Bathrooms0
Data Source:
Memphis MLS (MAAR)
Property Description
This 65-unit multifamily property is located in SE Memphis. The property is situated in a strategic location near top employers of Memphis such as FedEx, UPS, and Kelloggâs providing a large pool of potential tenants and increased demand for rental properties. It has an exterior brick and concrete block interior, making it sturdy and low maintenance. Price reduction!
Price History | |
---|---|
10/31/2023 | Listed $3,000,000 |
12/3/2023 | 7% - $2,800,000 |
3/14/2024 | 36% - $1,800,000 |
General Features
Roof | Flat |
---|---|
Construction | Brick/Veneer |
Amenities | Extra Storage,Leasing Office,Maintenance Office,Dumpster,Privacy Walls/Fences |
Status | Active |
Legal Subdivision Name | Ketchum Cv. Commercial Sub |
Stories | 3 |
Class | Multi-Family |
Laundry Y/N | None |
Type | Apartment Complex |
Area | 771S |
Status | Active |
OPERATING EXPENSES | On-Site Management,Insurance,Some Utilities,Trash Collection,Repairs/Maintenance,Taxes,Accounting/Legal,Services,Payroll |
Area | Airport/Oakhaven |
Service Type | Full Service Listing |
HEATING SYSTEMS | Central,Gas,Electrical,Wall Heat |
COOLING SYSTEMS | Central,Electrial |
Year Built | 1965 |
City | Memphis |
Interior Features
Hot Water | Electrical,Septic Tank |
---|---|
Total # of Units | 65 |
# 1 Bedroom Units | 56 |
# 2 Bedroom Units | 8 |
FLOORS/CEILINGS | Tile,Partial Carpet,Dry Wall,Concrete |
Exterior Features
Foundation | Slab,Storage Area,Laundry Facility |
---|---|
Number of Buildings | 3 |
Lot Size | 1.37 |
MISCELLANEOUS EXTERIOR | Security Lighting,On-Site Commercial Space,Some Landscaping,Professional Landscaping,Wood Fence,Partically Fenced |
Parking Facility | Asphalt/Blacktop,Attached |
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