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1680-1686 Kansas St

Memphis, TN 38109
  • $1,600,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 10123510
UPDATED: 24 min ago
$1,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.

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© 2022 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: 2022-05-23T10:03:26.163.
www.gowenpropertygroup.com/homes/128489155
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1680-1686 Kansas St Memphis, TN 38109

  • Price: $1,600,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 24 min ago
  • MLS #: 10123510
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1954
Built
Neighborhood:
South Memphis Land Co
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.
Exterior Features

Buildings 2 Construction Brick Foundation Laundry FacilitySlab Lot Size 72.38 X 243.7 Misc Exterior SidewalksWood FenceSecurity Gate Parking Facility 1 Per UnitConcreteGravel Roof Composition

Interior Features

Cooling Systems ElectrialIndividual Cooling Floors And Ceilings Vinyl Floor Heating Systems ElectricalIndividual Systems Hot Water ElectricalIndividual System Laundry Common Laundry Leaseable Sq Ft 10560

Property Features

1 Bedroom Units 22 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 159660 Amenities Security SystemDumpsterPrivacy Walls/Fences Annual City Tax 3682 Annual County Tax 4489 Annual Insurance Expenses 11000 Assumption Other (Call La) Average Annual Utilities 7200 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 191400 Legal Subdivision Name South Memphis Land Co Multifamily Type Apartment Complex New Financing Other (Call La) Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building And Land Source Of Info Current RecordsLeasesOwnerRent Roll Tenant Pays Security DepositSome Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Keller Williams.



© 2022 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: 2022-05-23T10:03:26.163.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672