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750 Chelsea Dr

Memphis, TN 38107
  • $400,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 10191595
UPDATED: 139 min ago
$400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Easy access to local shops, restaurants, and major highways. Enjoy the convenience of being just minutes away from downtown Memphis while having a quiet and serene place to call home. Additional amenities include on-site laundry facilities, gated parking This 4 unit building is located just east of Booming Downtown Memphis and just minutes from the Bass Pro Pyramid Development Project. The unit are all 2 bedroom. The scheduled monthly rents are 1000-1400 per month per unit. G. 3525 (3 units rented) possible 4700 at current rents U. Owner pays water ( avg $35mo) Renters pay lights, gas and trash N. 1325 (75% occupied) A. 400K M. Grass and leaves $30 M. Self management O. 75% occupied

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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: 2025-03-25T00:03:08.777.
www.gowenpropertygroup.com/homes/161265809
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750 Chelsea Dr Memphis, TN 38107

  • Price: $400,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 139 min ago
  • MLS #: 10191595
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Robertson
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
Easy access to local shops, restaurants, and major highways. Enjoy the convenience of being just minutes away from downtown Memphis while having a quiet and serene place to call home. Additional amenities include on-site laundry facilities, gated parking This 4 unit building is located just east of Booming Downtown Memphis and just minutes from the Bass Pro Pyramid Development Project. The unit are all 2 bedroom. The scheduled monthly rents are 1000-1400 per month per unit. G. 3525 (3 units rented) possible 4700 at current rents U. Owner pays water ( avg $35mo) Renters pay lights, gas and trash N. 1325 (75% occupied) A. 400K M. Grass and leaves $30 M. Self management O. 75% occupied
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 55.26/47.1X165.38/192.14 Parking Facility Asphalt/BlacktopEnclosedMore Than 1 Per Unit Roof FlatSlate

Interior Features

Cooling Systems Central Floors And Ceilings 8 FeetDry WallWood Laminate Floors Heating Systems Central Hot Water Electrical Laundry ConnectionsDryer in UnitEquipment OwnedWasher in Unit

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 48000 Annual City Tax 936 Annual County Tax 993 Annual Insurance Expenses 1998 Annual Land Lease Payment 0 Annual Misc Income 2000 Annual Operating Expenses 780 Assumption No Assumption Average Annual Utilities 480 Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 48000 Legal Subdivision Name ROBERTSON S/D Lot Number S W PT 1 Multifamily Type Apartment Complex New Financing ConventionalFHA/VA Operating Expenses InsurancePest ControlTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building and LandSome AppliancesSome Equipment Source Of Info Current RecordsFloor PlansLeasesP/L StatementPrevious Tax ReturnRent Roll Tenant Pays Cable TVCoolingElectricGasHeatingOther (Call LA)Parking FeeSecurity DepositSome UtilitiesTrash CollectionWater/Sewer Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-260-5844.



© 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: 2025-03-25T00:03:08.777.
 
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