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1025 Wellington St

Memphis, TN 38126
  • $372,500
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 10183460
UPDATED: 3 min ago
$372,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

DO NOT DISTURB TENANTS--Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5-Unit Garden apartment is sure to impress. New iron stairs on both ends were replaced March 2024. New roof, plumbing, electrical, and mechanical work completed January 2022. Currently 100% occupied. Annual scheduled rents of $38,820, with potential of $42,000 annual rents. Investors only, please call for more information!

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© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-12-02T11:03:43.773.
www.gowenpropertygroup.com/homes/156861172
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1025 Wellington St Memphis, TN 38126

  • Price: $372,500
  • Status: Active
  • On Site: 45 Days
  • Updated: 3 min ago
  • MLS #: 10183460
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Washington Heights Blk 7
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
DO NOT DISTURB TENANTS--Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5-Unit Garden apartment is sure to impress. New iron stairs on both ends were replaced March 2024. New roof, plumbing, electrical, and mechanical work completed January 2022. Currently 100% occupied. Annual scheduled rents of $38,820, with potential of $42,000 annual rents. Investors only, please call for more information!
Exterior Features

Buildings 1 Location CityFree Standing Lot Size 65 X 200 Parking Facility Gravel Road Frontage City StreetService Road Roof Composition Shingles Truck Loading Door Height Less Than 6 Ft

Interior Features

Average Ceiling Height Less Than 8 Ft Cooling System 2+ Window Units per Unit Floors TileVinyl Foundation Slab Heating System Wall Heat Hot Water Gas Hot Water Restrooms 5

Property Features

Actual Annual Rent 38820 Annual City Tax 548 Annual County Tax 687 Commercial Type Commercial Existing Financing Clear Information Available LeasesRent Roll Legal Subdivision Name WASHI GTON HEIGHTS BLK 7 Lot Number 3 & PT 4 New Financing Conventional Percent Occupancy 100 Possession Lease Possession at ClosingTenants Rights Sale Includes Building and Land Tenant Pays All Utilities Type Usage Other (See REMARKS) Zoning R-6

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Sowell, Realtors: 901-278-4380.



© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-12-02T11:03:43.773.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672