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741 Neptune St

Memphis, TN 38104
  • $225,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 10189200
UPDATED: 180 min ago
$225,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Great condition 4-plex, 3 bath unit just south of the Medical District. Fantastic, turn key cash flow opportunity with more than 1% rent ratio at full price plus growth opportunity!! All units are 1 bed/ 1 bath ~ New roof in 2020 ~ All units recently updated including the hvac, kitchens, baths and flooring ~ 3 units currently occupied ~ 4th unit on market at $625 a mo ~ do not disturb tenants ~ sold as is

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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: 2025-02-14T00:03:13.33.
www.gowenpropertygroup.com/homes/159951855
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741 Neptune St Memphis, TN 38104

  • Price: $225,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 180 min ago
  • MLS #: 10189200
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Turners Neptune St
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Great condition 4-plex, 3 bath unit just south of the Medical District. Fantastic, turn key cash flow opportunity with more than 1% rent ratio at full price plus growth opportunity!! All units are 1 bed/ 1 bath ~ New roof in 2020 ~ All units recently updated including the hvac, kitchens, baths and flooring ~ 3 units currently occupied ~ 4th unit on market at $625 a mo ~ do not disturb tenants ~ sold as is
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 55X105 Parking Facility Concrete Roof Composition

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Tile Heating Systems Wall Heat Hot Water GasPublic SewerPublic Water Laundry None

Property Features

1 Bedroom Units 4 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 706 Annual County Tax 885 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Legal Subdivision Name TURNERS NEPTUNE STREET RE Lot Number 2 Multifamily Type Fourplex New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Possession At Closing Sale Includes Building Only Source Of Info LeasesOwner Tenant Pays Some Utilities Type Of Leases MonthlyYear Type Of Units 1 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of eXp Realty, LLC: 901-505-0756.



© 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: 2025-02-14T00:03:13.33.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672