Price Reduction
Address
774 MELROSE ST, Memphis, TN
Price
$ 1,750,000
Property Attributes
- MLS#10167542
- TypeMulti-Family
- CountySHELBY
- CityMemphis
- AreaCentral Gardens
- NeighborhoodANNESDALE
- Zip38104
- StyleApartment Complex
- Year Built1956
- Taxes$ 24968
- Price$ 1,750,000
- Bedrooms24
- Full Bathrooms24
- Half Bathrooms0
Data Source:
Memphis MLS (MAAR)
Property Description
Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.
| Price History | |
|---|---|
| 3/9/2024 | Listed $1,980,000 |
| 4/19/2024 | 12% - $1,750,000 |
General Features
| Roof | Composition |
|---|---|
| Zoning | RU-4 |
| Construction | Brick |
| Amenities | Other (See REMARKS) |
| Status | Active |
| Legal Subdivision Name | MEACHAM&VOORHEIS |
| Class | Multi-Family |
| Laundry Y/N | Common Laundry |
| Type | Apartment Complex |
| Area | 746F |
| Status | Active |
| OPERATING EXPENSES | Management,Insurance,Trash Collection,Repairs/Maintenance,Taxes |
| Area | Central Gardens |
| Service Type | Full Service Listing |
| HEATING SYSTEMS | Gas |
| COOLING SYSTEMS | Other (See Remarks) |
| Year Built | 1956 |
| City | Memphis |
Interior Features
| Hot Water | Other (See REMARKS) |
|---|---|
| Total # of Units | 24 |
| # 1 Bedroom Units | 24 |
| FLOORS/CEILINGS | Partial Carpet |
Exterior Features
| Foundation | Slab |
|---|---|
| Number of Buildings | 1 |
| Lot Size | 125X200 |
| Parking Facility | Asphalt/Blacktop |
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 38104
Price
Taxes
Visits
Year Built
Copyright © 2024 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Listing information provided courtesy of the Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: April 28, 2024 8:42 PM UTC
