1024 Tillman St

    Memphis, TN 38112
    • $2,200,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 10076478
    UPDATED: 70 min ago
    $2,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Garden Apartments is a 44 unit low income HAP contract asset. This project is subject to the Section 8 Housing assistance Payments Program Contract with the US Department of Housing and Urban Development. The Asset is eighty four percent occupied which leaves opportunity for value add through lease up and upgrades. Tenants are mostly elderly, quite, and keep to themselves. Garden Apartments is a great long term investment asset.

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    © 2020 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 Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-05-30T13:03:12.267.
    www.yourkeytomemphishomes.com/homes/105854826

    1024 Tillman St Memphis, TN 38112

    • Price: $2,200,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 10076478
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1952
    Built
    Neighborhood:
    Kenneth Garrett
    County:
    Shelby
    Area:
    Midtown/Holmes
    Property Description
    Garden Apartments is a 44 unit low income HAP contract asset. This project is subject to the Section 8 Housing assistance Payments Program Contract with the US Department of Housing and Urban Development. The Asset is eighty four percent occupied which leaves opportunity for value add through lease up and upgrades. Tenants are mostly elderly, quite, and keep to themselves. Garden Apartments is a great long term investment asset.
    Exterior Features

    Buildings 11 Construction BrickWood/Composition Foundation Slab Lot Size 2.27 A Parking Facility Asphalt/Blacktop Roof PitchedShingle/Shake

    Interior Features

    Cooling Systems Central Floors And Ceilings Other (See Remarks) Heating Systems Central Hot Water Other (See Remarks) Laundry Common Laundry

    Property Features

    1 Bedroom Units 44 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 7665 Annual County Tax 9852 Assumption Other (Call La) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Legal Subdivision Name Garrett Kenneth Multifamily Type Apartment Complex New Financing Other (Call La) Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Possession At Closing Sale Includes Building And Land Source Of Info BrochureEstimated Tenant Pays ElectricGasTrash Collection Type Of Leases Monthly Type Of Units 1 Br - 1 Bath

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Braden, Braden & Braden Llc.



    © 2020 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 Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-05-30T13:03:12.267.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120