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Description

Multiple offers! Deadline to submit best and final offer is 09/18. 14 Apartment Units across 7 duplexes all on one parcel Individually metered for all utilities except 765 and 763 where coin laundry room is located in back. New roofs, plumbing, electrical and HVAC in the last 3 years. Over a 9 percent cap rate. Walking distance from the Medical District and Downtown Memphis. In a Designated Opportunity Zone Eligible for Historic Grant up to 30% of renovations up to 300k

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© 2021 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: 2021-09-20T15:03:15.45.
www.gowenpropertygroup.com/homes/121147580
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751 St Paul Ave Memphis, TN 38126

  • Price: $749,000
  • Status: Active
  • Updated: 14 min ago
  • MLS #: 10108058
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Beds
0
Baths
0
½ Baths
N/A
Acres
1922
Built
Neighborhood:
Mcgrath
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Multiple offers! Deadline to submit best and final offer is 09/18. 14 Apartment Units across 7 duplexes all on one parcel Individually metered for all utilities except 765 and 763 where coin laundry room is located in back. New roofs, plumbing, electrical and HVAC in the last 3 years. Over a 9 percent cap rate. Walking distance from the Medical District and Downtown Memphis. In a Designated Opportunity Zone Eligible for Historic Grant up to 30% of renovations up to 300k
Exterior Features

Buildings 7 Construction Vinyl Siding Foundation Slab Lot Size 159X284 Parking Facility Offsite/Street Roof Pitched

Interior Features

Cooling Systems Central Floors And Ceilings Dry WallVinyl Floor Heating Systems Central Hot Water Electrical Laundry Common LaundryDryer in UnitWasher in Unit Leaseable Sq Ft 11130

Property Features

1 Bedroom Units 14 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 11240 Annual City Tax 1723 Annual County Tax 2184 Annual Insurance Expenses 3700 Annual Misc Income 1549 Assumption Other (Call La) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 134000 Legal Subdivision Name Mc Grath Lot Number 18-19+PT Multifamily Type Apartment Building New Financing Other (Call La) Operating Expenses InsuranceManagementPest ControlRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes All FurnishingsBuilding And Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Apaus, Inc.



© 2021 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: 2021-09-20T15:03:15.45.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672