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1095 Merriwether Ave

Memphis, TN 38105
  • $2,200,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 10153612
UPDATED: 11 min ago
$2,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

This 32 units is a rare value add opportunity in booming Midtown Memphis. The units are all 1 bedroom. The current scheduled monthly income is 23613 per month. There is a good upside in the rents.

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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 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: 2023-09-24T14:03:28.533.
www.gowenpropertygroup.com/homes/142111423
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1095 Merriwether Ave Memphis, TN 38105

  • Price: $2,200,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 11 min ago
  • MLS #: 10153612
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Harvey
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
This 32 units is a rare value add opportunity in booming Midtown Memphis. The units are all 1 bedroom. The current scheduled monthly income is 23613 per month. There is a good upside in the rents.
Exterior Features

Buildings 2 Construction Brick/Veneer Foundation Slab Land Sq Ft 49572 Lot Size 49572 Parking Facility Asphalt/Blacktop Roof FlatPitched

Interior Features

Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems 1 Window Unit Per UnitCentral Floors And Ceilings Other (See Remarks) Heating Systems CentralWall Heat Hot Water Gas Improved Sq Ft 19824 Laundry Common Laundry Leaseable Sq Ft 19824

Property Features

1 Bedroom Units 32 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 283008 Annual City Tax 2267 Annual County Tax 2845 Annual Insurance Expenses 8995 Assumption No Assumption Average Annual Utilities 10678 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 283008 Legal Subdivision Name Harvey Lot Number Pt 1 & 2 Multifamily Type Apartment Building New Financing Conventional Operating Expenses Some Utilities Other Units 0 Percent Occupancy 80 Possession Tenants Rights Sale Includes Building And Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 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 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: 2023-09-24T14:03:28.533.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672