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728 N Montgomery St

Memphis, TN 38107
  • $330,000
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 10156917
New On Site 6 Days Ago
UPDATED: 28 min ago
$330,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units.

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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: 2023-09-24T22:03:08.943.
www.areacmays.com/homes/143481453
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728 N Montgomery St Memphis, TN 38107

  • Price: $330,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 28 min ago
  • MLS #: 10156917
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1951
Built
Neighborhood:
As Recorded - Multiple Properties
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units.
Exterior Features

Buildings 5 Construction Aluminum/Steel SidingBrick/VeneerVinyl Siding Foundation Conventional/Crawl Space Lot Size 45X130 Parking Facility ConcreteOffsite/Street Roof Composition

Interior Features

Cooling Systems 2+ Window Units Per UnitCentralOther (See Remarks) Floors And Ceilings Other (See Remarks) Heating Systems CentralOther (See Remarks)Wall Heat Hot Water Individual SystemOther (See Remarks) Laundry Connections

Property Features

1 Bedroom Units 3 2 Bedroom Units 2 3 Bedroom Units 1 Actual Annual Rent 39000 Annual City Tax 199 Annual County Tax 250 Assumption Other (Call La) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 76200 Legal Subdivision Name As Recorded Multifamily Type Other (See Remarks) New Financing Cash OnlyPrivate Operating Expenses InsuranceManagementRepairs/Maintenance Other Units 0 Percent Occupancy 63 Possession Tenants Rights Sale Includes Building And Land Source Of Info Owner Tenant Pays Other (Call La) Type Of Leases MonthlyYear Type Of Units 1 Br - 1 Bath2 Br - 1 Bath3 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Re/Max Realty Group: 662-403-4200.



© 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: 2023-09-24T22:03:08.943.
 
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Area C. Mays | KAIZEN Realty
7540 North St.
Germantown TN, 38138