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1160 Springdale St

Memphis, TN 38108
  • $224,900
  • STATUS: Pending
  • ON SITE: 60 Days
  • MLS #: 10129684
Pending
UPDATED: 78 min ago
$224,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

Look no further for a small complex. There are some renovations needed which would increase rents for a potential 40k a year income project. Ride by and call to get more information This complex is 75% occupied and ready for your clients to finish the renovations with a possibility of increasing rents (450.00) after completion. Units 6 need complete rehab, code has passed gas. Property is professionally managed. Current monthly rent $2125.00 , 1 unit ready for move in at 450.00

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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 Area C. Mays | KAIZEN Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-25T21:03:20.697.
www.areacmays.com/homes/131294880
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1160 Springdale St Memphis, TN 38108

  • Price: $224,900
  • Status: Pending
  • On Site: 60 Days
  • Updated: 78 min ago
  • MLS #: 10129684
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Bells Springdale
County:
Shelby
Area:
Vollintine/Northside
Property Description
Look no further for a small complex. There are some renovations needed which would increase rents for a potential 40k a year income project. Ride by and call to get more information This complex is 75% occupied and ready for your clients to finish the renovations with a possibility of increasing rents (450.00) after completion. Units 6 need complete rehab, code has passed gas. Property is professionally managed. Current monthly rent $2125.00 , 1 unit ready for move in at 450.00
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 50X238 Parking Facility Gravel Roof Shingle/Shake

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 8 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 18900 Annual City Tax 1237 Annual County Tax 1568 Assumption Other (Call La) Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 31200 Legal Subdivision Name Wm M Bells Springdale~ Lot Number W Pt 6 Multifamily Type Apartment Building New Financing Cash OnlyConventional Operating Expenses InsuranceManagementTaxes Other Units 0 Percent Occupancy 62 Possession At ClosingTenants Rights Sale Includes Building And Land Source Of Info OwnerRent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of 4 Success Realty, Llc: 901-683-8229.



© 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 Area C. Mays | KAIZEN Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-25T21:03:20.697.
 
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Area C. Mays | KAIZEN Realty
7540 North St.
Germantown TN, 38138