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774 Melrose St

Memphis, TN 38104
  • $1,980,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 10167542
$1,980,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.

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© 2024 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: 2024-04-20T10:16:58.637.
www.gowenpropertygroup.com/homes/148437097
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774 Melrose St Memphis, TN 38104

  • Price: $1,980,000
  • Status: Active
  • On Site: 43 Days
  • MLS #: 10167542
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Annesdale
County:
Shelby
Area:
Central Gardens
Property Description
Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 125X200 Parking Facility Asphalt/Blacktop Roof Composition

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Partial Carpet Heating Systems Gas Hot Water Other (See REMARKS) Laundry Common Laundry

Property Features

1 Bedroom Units 24 2 Bedroom Units 0 3 Bedroom Units 0 Amenities Other (See REMARKS) Annual City Tax 11073 Annual County Tax 13895 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 187260 Legal Subdivision Name MEACHAM&VOORHEIS Lot Number 14-15 Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceTaxesTrash Collection Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info Current Records Tenant Pays Other (Call LA) Type Of Leases Other (Call LA) Type Of Units 1 BR - 1 Bath Zoning RU-4

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Leco Realty, Inc.: 901-272-9028.



© 2024 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: 2024-04-20T10:16:58.637.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672