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3969 Southlawn Ave

Memphis, TN 38111
  • $499,000
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 10198629
New On Site 2 Days Ago
UPDATED: 37 min ago
$499,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

Appraisal in hand from May 2025 showing a value of $549,000. Perfectly located 6-unit apartment building near both U of M campuses! Property has received over $100k in capital improvements since 2023. Property has received new roof, fence, several HVAC units, appliances, windows, flooring and more. Current rent $4,790 with potential to increase to market. 2 units left vacant for showings but can be leased before closing. All units have central heat & air. Rent Roll & Capital Improvement List available upon request.

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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: 2025-06-13T21:03:39.73.
www.gowenpropertygroup.com/homes/164745132
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3969 Southlawn Ave Memphis, TN 38111

  • Price: $499,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 37 min ago
  • MLS #: 10198629
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Southlawn Commercial
County:
Shelby
Area:
Getwell/Park
Property Description
Appraisal in hand from May 2025 showing a value of $549,000. Perfectly located 6-unit apartment building near both U of M campuses! Property has received over $100k in capital improvements since 2023. Property has received new roof, fence, several HVAC units, appliances, windows, flooring and more. Current rent $4,790 with potential to increase to market. 2 units left vacant for showings but can be leased before closing. All units have central heat & air. Rent Roll & Capital Improvement List available upon request.
Exterior Features

Buildings 1 Construction Stone Foundation Slab Lot Size 9474 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Hardwood ThroughoutVinyl Floor Heating Systems Central Hot Water Electrical Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 4 3 Bedroom Units 0 Annual City Tax 1400 Annual County Tax 1485 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Legal Subdivision Name SOUTHLAWN COMMERCIAL Lot Number 1 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 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 Bath2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of RE PROS LLC: 501-765-4833.



© 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: 2025-06-13T21:03:39.73.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672