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3969 Southlawn Ave

Memphis, TN 38111
  • $484,900
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 10155426
UPDATED: 27 min ago
$484,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

100% Occupied 6-unit building close to UofM! $80,817 per unit! Current total rent of $4,200 with a potential rent of $5,000+. All tenants current. New roof, perimeter fence, and 4 renovated units. Central heat/air & in-unit laundry. Appraisal in-hand for higher than list price. List of capital repairs & rent roll available at request.

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© 2023 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: 2023-09-24T23:03:23.843.
www.areacmays.com/homes/142888204
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3969 Southlawn Ave Memphis, TN 38111

  • Price: $484,900
  • Status: Active
  • On Site: 25 Days
  • Updated: 27 min ago
  • MLS #: 10155426
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Southlawn Commercial
County:
Shelby
Area:
Getwell/Park
Property Description
100% Occupied 6-unit building close to UofM! $80,817 per unit! Current total rent of $4,200 with a potential rent of $5,000+. All tenants current. New roof, perimeter fence, and 4 renovated units. Central heat/air & in-unit laundry. Appraisal in-hand for higher than list price. List of capital repairs & rent roll available at request.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 9474 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Hardwood ThroughoutVinyl Floor Heating Systems Central Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 4200 Annual City Tax 1183 Annual County Tax 1485 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 5800 Legal Subdivision Name Southlawn Commercial Lot Number 1 Multifamily Type Apartment Building New Financing Other (Call La) Operating Expenses Other (Call La) Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building And Land Source Of Info OwnerP/L Statement Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Diversified Real Estate: 901-435-3801.



© 2023 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: 2023-09-24T23:03:23.843.
 
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Area C. Mays | KAIZEN Realty
7540 North St.
Germantown TN, 38138