Price Reduction
Address
3969 SOUTHLAWN AVE, Memphis, TN
Price
$ 538,000
Property Attributes
- MLS#10170065
- TypeMulti-Family
- CountySHELBY
- CityMemphis
- AreaGetwell-Park
- NeighborhoodSOUTHLAWN COMMERCIAL
- Zip38111
- StyleApartment Building
- Year Built1965
- Taxes$ 2668
- Price$ 538,000
- Bedrooms10
- Full Bathrooms6
- Half Bathrooms0
Data Source:
Memphis MLS (MAAR)
Property Description
$89k/Unit for this East Memphis 6-Unit! Property is located 2.4 miles from University of Memphis. Fully occupied and bringing in $4,400 per month with a proforma/potential rent of $5,500+. $85k+ in capital improvements in the last 24 months to include: Interior Renovation, New Roof, Perimeter Fence, HVAC, Exterior Lighting, Tree Removal & more. Tenants pay all utilities other than water. DO NOT DISTURB TENANTS. Accepted offer needed before touring.
| Price History | |
|---|---|
| 4/15/2024 | Listed $539,000 |
| 5/5/2024 | 1% - $538,000 |
General Features
| Roof | Shingle/Shake |
|---|---|
| Construction | Brick/Veneer |
| Status | Active |
| Legal Subdivision Name | SOUTHLAWN COMMERCIAL |
| Class | Multi-Family |
| Laundry Y/N | Connections |
| Type | Apartment Building |
| Area | 758C |
| Status | Active |
| OPERATING EXPENSES | Some Utilities,Repairs/Maintenance,Taxes |
| Area | Getwell/Park |
| Service Type | Full Service Listing |
| HEATING SYSTEMS | Central |
| COOLING SYSTEMS | Central |
| Year Built | 1965 |
| City | Memphis |
Interior Features
| Hot Water | Electrical |
|---|---|
| Total # of Units | 6 |
| # 1 Bedroom Units | 2 |
| # 2 Bedroom Units | 4 |
| FLOORS/CEILINGS | Vinyl Floor |
Exterior Features
| Foundation | Slab |
|---|---|
| Number of Buildings | 1 |
| Lot Size | 9474 |
| 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 38111
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: May 18, 2024 12:11 PM UTC
