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Description

This 5 Unit garden apartment is perfect for an investor looking to expand their rental portfolio. While currently vacant, the multi-family property is being fully renovated. All utilities are on. Seller is willing to stop renovations & negotiate a lesser price. Being less than a mile away from LeMoyne- Owen College this 5 unit has the potential to bring in $3,750 in gross rent per month. Seller is motivated so submit all offers.

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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 Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-09-20T20:03:06.943.
www.yourkeytomemphishomes.com/homes/121433940
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1025 Wellington St Memphis, TN 38126

  • Price: $250,000
  • Status: Active
  • Updated: 4 min ago
  • ID#: 10108680
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Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Washington Heights Blk 7
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
This 5 Unit garden apartment is perfect for an investor looking to expand their rental portfolio. While currently vacant, the multi-family property is being fully renovated. All utilities are on. Seller is willing to stop renovations & negotiate a lesser price. Being less than a mile away from LeMoyne- Owen College this 5 unit has the potential to bring in $3,750 in gross rent per month. Seller is motivated so submit all offers.
Exterior Features

Buildings 5 Location Corner Lot Size 65 X 200 Parking Facility Asphalt/Blacktop Road Frontage City Street Roof Composition Shingles Truck Loading Door Height Less Than 6 Ft

Interior Features

Average Ceiling Height 11-12.9 Feet Cooling System 1 Window Unit Per Unit Floors Tile Foundation Slab Heating System Individual Systems Hot Water Gas Hot Water

Property Features

Annual City Tax 607 Annual County Tax 770 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available Other (See Remarks) Legal Subdivision Name Washi Gton Heights Blk 7 Lot Number 3 & PT 4 New Financing Conventional Possession Lease Possession At Closing Sale Includes Building And Land Tenant Pays Other (See Remarks) Type Usage Other (See Remarks)

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Hayes Homes And Realty, 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 Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-09-20T20:03:06.943.
 
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Crye-Leike Realtors
6525 Quail Hollow Road
Memphis TN, 38120