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519 Simpson Ave

Memphis, TN 38106
  • $397,700
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 10154879
UPDATED: 29 min ago
$397,700
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Opportunity Knocks with this awesome cash-flowing six unit apartment building. 6- 2 Bedroom/1 Bath units at 100% occupancy with most tenants being there a number of years. Units are well maintained and recently refreshed. Current monthly schedule rent is $4,060. Potential monthly rent is even higher. Building has six separate electrical meters. --- No sign. Do not approach or disturb tenants. No showings without an accepted offer. No wholesale or assignment.

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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: 2023-10-02T09:03:25.957.
www.areacmays.com/homes/142645231
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519 Simpson Ave Memphis, TN 38106

  • Price: $397,700
  • Status: Active
  • On Site: 41 Days
  • Updated: 29 min ago
  • MLS #: 10154879
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Trigg
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Opportunity Knocks with this awesome cash-flowing six unit apartment building. 6- 2 Bedroom/1 Bath units at 100% occupancy with most tenants being there a number of years. Units are well maintained and recently refreshed. Current monthly schedule rent is $4,060. Potential monthly rent is even higher. Building has six separate electrical meters. --- No sign. Do not approach or disturb tenants. No showings without an accepted offer. No wholesale or assignment.
Exterior Features

Buildings 1 Construction Brick Foundation Conventional/Crawl SpaceSlab Lot Size 72 X 125 Parking Facility Concrete Roof Shingle/Shake

Interior Features

Cooling Systems Individual Cooling Floors And Ceilings Tile Heating Systems Wall Heat Hot Water Public SewerPublic Water Available Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 48720 Annual City Tax 525 Annual County Tax 659 Annual Insurance Expenses 3300 Assumption Other (Call La) Average Annual Utilities 4200 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Legal Subdivision Name Trigg Lot Number Nw Pt 45 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceSome Utilities Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building Only Source Of Info Owner Tenant Pays Electric Type Of Leases Monthly Type Of Units 2 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., Realtors: 901-756-8900.



© 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: 2023-10-02T09:03:25.957.
 
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Area C. Mays | KAIZEN Realty
7540 North St.
Germantown TN, 38138