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3251 Old Getwell Rd

Memphis, TN 38118
  • $3,350,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 10192160
$3,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

This 48-unit property is a value add opportunity located near East Memphis. There are 43-3/BR units and 5-2/BR units. The scheduled monthly income is 45509 per month at full occupancy. 12 units are remaining to be rehabbed. Drive by only. Please do not disturb residents.

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© 2025 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: 2025-04-22T00:03:25.68.
www.gowenpropertygroup.com/homes/161518238
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3251 Old Getwell Rd Memphis, TN 38118

  • Price: $3,350,000
  • Status: Active
  • On Site: 35 Days
  • MLS #: 10192160
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1973
Built
Neighborhood:
Brook Hollow Commercial
County:
Shelby
Area:
Airport/Oakhaven
Property Description
This 48-unit property is a value add opportunity located near East Memphis. There are 43-3/BR units and 5-2/BR units. The scheduled monthly income is 45509 per month at full occupancy. 12 units are remaining to be rehabbed. Drive by only. Please do not disturb residents.
Exterior Features

Buildings 8 Construction Brick/Veneer Foundation Slab Land Sq Ft 172933 Lot Size 253.675 X 311.235 IRR Parking Facility Asphalt/Blacktop Roof PitchedShingle/Shake

Interior Features

Cooling Systems CentralElectrial Floors And Ceilings Vinyl Floor Heating Systems CentralElectrical Hot Water ElectricalPublic SewerPublic Water Improved Sq Ft 56144 Laundry None Leaseable Sq Ft 56144

Property Features

1 Bedroom Units 0 2 Bedroom Units 5 3 Bedroom Units 43 Actual Annual Rent 360431 Annual City Tax 1572 Annual County Tax 1668 Annual Insurance Expenses 29995 Annual Operating Expenses 161784 Assumption No Assumption Average Annual Utilities 18648 Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 546108 Legal Subdivision Name BROOK HOLLOW COMMERCIAL Lot Number 1 Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 66 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath3 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2025 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: 2025-04-22T00:03:25.68.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672