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487 Williams Ave

Memphis, TN 38126
  • $420,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 10197300
UPDATED: 29 min ago
$420,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

ATTENTION INVESTORS! 6-UNIT APARTMENT BUILDING. Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units and replacing the sewer (March 2025). 4 units rented ($795, $795, $825, $865), 2 units vacant and move in ready. Unit 1- leased until 3/31/2026, Unit 2- leased until 12/31/2025, Units 3 & 4 " vacant, Unit 5- leased until 10/30/2025, Unit 6- leased until 10/31/2025. Leases, rent rolls and maintenance records available upon request. No wholesale, seller financing, or creative offers. No showings without an accepted offer. Please do not disturb tenants.

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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: 2025-06-13T22:03:35.52.
www.gowenpropertygroup.com/homes/164122012
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487 Williams Ave Memphis, TN 38126

  • Price: $420,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 29 min ago
  • MLS #: 10197300
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Wilson
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
ATTENTION INVESTORS! 6-UNIT APARTMENT BUILDING. Owner has put ~$140,000 in renovations into the building over his tenure of ownership including- refurbishing all 6 units and replacing the sewer (March 2025). 4 units rented ($795, $795, $825, $865), 2 units vacant and move in ready. Unit 1- leased until 3/31/2026, Unit 2- leased until 12/31/2025, Units 3 & 4 " vacant, Unit 5- leased until 10/30/2025, Unit 6- leased until 10/31/2025. Leases, rent rolls and maintenance records available upon request. No wholesale, seller financing, or creative offers. No showings without an accepted offer. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 50 X 170 Parking Facility DetachedGravelMore Than 1 Per Unit Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Partial Carpet Heating Systems Central Hot Water Gas Laundry Dryer in UnitWasher in Unit

Property Features

1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 3280 Annual City Tax 648 Annual County Tax 687 Assumption Must Qualify Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 4870 Legal Subdivision Name WILSON Lot Number 12 Multifamily Type Apartment Building New Financing Conventional Operating Expenses ManagementSome Utilities Other Units 0 Percent Occupancy 66 Possession At Closing Sale Includes Building and LandSome Appliances Source Of Info LeasesRent Roll Tenant Pays Some UtilitiesTrash CollectionWater/Sewer Type Of Leases Year Type Of Units 2 BR - 1 BathUnfurnished

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of KAIZEN Realty, LLC: 901-221-4041.



© 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: 2025-06-13T22:03:35.52.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672