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4340 Fayette Rd

Memphis, TN 38128
  • $170,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 10182129
UPDATED: 78 min ago
$170,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1973
County:

School Ratings & Info

Description

Rental property for sale! Seller is not looking for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.

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© 2024 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: 2024-12-11T20:04:09.723.
www.gowenpropertygroup.com/homes/155906585
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4340 Fayette Rd Memphis, TN 38128

  • Price: $170,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 78 min ago
  • MLS #: 10182129
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1973
Built
Neighborhood:
Raleigh Block I
County:
Shelby
Area:
Covington Pike - South
Property Description
Rental property for sale! Seller is not looking for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.
Exterior Features

Buildings 1 Location CityCornerFree Standing Lot Size 70 X 98 Parking Facility 1-15 SpacesAsphalt/Blacktop Road Frontage City Street Roof Composition Shingles Truck Loading Door Height No Truck Door

Interior Features

Average Ceiling Height 8-10.9 Feet Cooling System Central Cooling Floors Tile Foundation Slab Heating System Central Hot Water Public SewerPublic Water Restrooms 2 Seating Capacity 26-50

Property Features

Actual Annual Rent 18600 Annual City Tax 886 Annual County Tax 1112 Commercial Type Commercial Existing Financing Clear Information Available Information Limited Legal Subdivision Name RALEIGH Lot Number 2 & PT Miscellaneous FencedPole SignRest Rooms New Financing Cash OnlyConventional Percent Occupancy 100 Possession Lease Possession at ClosingTenants Rights Sale Includes Building and Land Tenant Pays All UtilitiesCommon Area MaintenanceFire InsuranceInside RepairsJanitorial ServicesTrash Removal Trade Business Name Growing Patch Learn Type Usage MedicalOfficeSpecial Purpose Zoning CMU-3

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of KAIZEN Realty, LLC: 901-221-4041.



© 2024 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: 2024-12-11T20:04:09.723.
 
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