Skip To Content

3970 Southlawn Ave

Memphis, TN 38111
  • $485,000
  • STATUS: Pending
  • ON SITE: 24 Days
  • MLS #: 10187235
Pending
UPDATED: 59 min ago
$485,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

5-unit apartment building for sale near UofM! Property has 5 fully upgraded units (to include new appliances, vinyl floor, new HVAC). 4 of 5 units occupied and tenants are current. 5th unit is being held vacant for showings to potential buyers only. Current rent roll is $4,240 with a potential rent of $6,050. Current management can stay in place. Add this asset to your portfolio today!

Monthly Payment Calculator



© 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: 2025-01-24T07:03:14.643.
www.gowenpropertygroup.com/homes/159081159
Print Image

3970 Southlawn Ave Memphis, TN 38111

  • Price: $485,000
  • Status: Pending
  • On Site: 24 Days
  • Updated: 59 min ago
  • MLS #: 10187235
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Philpots Getwell
County:
Shelby
Area:
Getwell/Park
Property Description
5-unit apartment building for sale near UofM! Property has 5 fully upgraded units (to include new appliances, vinyl floor, new HVAC). 4 of 5 units occupied and tenants are current. 5th unit is being held vacant for showings to potential buyers only. Current rent roll is $4,240 with a potential rent of $6,050. Current management can stay in place. Add this asset to your portfolio today!
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 8712 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Vinyl Floor Heating Systems Central Hot Water Gas Laundry Washer in Unit

Property Features

1 Bedroom Units 0 2 Bedroom Units 5 3 Bedroom Units 0 Annual City Tax 1717 Annual County Tax 2155 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name PHILPOTS GETWELL Lot Number 2 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Possession Tenants Rights Sale Includes All Furnishings Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 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: 2025-01-24T07:03:14.643.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10187235-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10187235-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10187235-2.jpg
Logo
Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672