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728 N Montgomery Street

Memphis, TN 38107
  • $N/A
  • STATUS: Closed
  • ON SITE: 304 Days
  • MLS #: 4059075
Sold
$N/A
SOLD -
  • 10
    BEDS
  • 1
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:
Area:

School Ratings & Info

Description

8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units. All property taxes, info and condition to be verified by purchaser during due diligence. Property management in place and can remain if purchases would like to continue. Management has great relationship with tenants. DO NOT DISTURB TENANTS. ANY SHOWINGS WILL BE SCHEDULED AFTER AN OFFER IS ACCTED.

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Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. 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. Data last updated: 2024-07-19T13:58:20.533.
www.gowenpropertygroup.com/homes/143485202
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728 N Montgomery Street Memphis, TN 38107

  • Price: $330,000
  • Status: Closed
  • On Site: 304 Days
  • Updated: 48 min ago
  • MLS #: 4059075
10
Beds
6
Baths
0
½ Baths
1
Acres
4,500
SQFT
$0
$/SQFT
1951
Built
Neighborhood:
Metes And Bounds
County:
Shelby
Area:
Memphis
Property Description
8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units. All property taxes, info and condition to be verified by purchaser during due diligence. Property management in place and can remain if purchases would like to continue. Management has great relationship with tenants. DO NOT DISTURB TENANTS. ANY SHOWINGS WILL BE SCHEDULED AFTER AN OFFER IS ACCTED.
Exterior Features

Construction Siding Aluminum SidingBrickFiberglass Siding Exterior Features See Remarks Foundation Details Conventional Levels One Parking Features Off SiteOn Street Roof AsphaltShingle Structure Type See Remarks Waterfront No

Interior Features

Cooling Central AirWindow Unit(s) Furnished YN No Heating Natural GasWall Furnace

Property Features

Accessibility Features YN No Association YN No Community Of N/A Covenants YN No Flood Insurance Required No Homestead YN No Lease Term 12 MonthsMonth To Month Leasehold YN No New Construction No Owner Pays Exterior MaintenanceTaxes Sewer Public Sewer Tax Annual Amount 6500.00 Tax Year 2022 Utilities Cable AvailableElectricity AvailableSewer AvailableWater Available Water Source Public

Listing information © 2024 MLS United.
Listing provided courtesy of Clint Bolton of RE/MAX Realty Group: (662) 403-4200.



Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. 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. Data last updated: 2024-07-19T13:58:20.533.
 
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