108 Simpson Ave

    Memphis, TN 38106
    • $150,000
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: 10059043
    Price Reduced
    UPDATED: 11 min ago
    $150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Rare opportunity to own a 16 unit value add apartment building with close proximity to Downtown Memphis. Gross potential rent $115,200 This property is part of a package deal with 1362 Gleason, 1BR 1BA Duplex on each side rented for $1,075/mo and 232 Simpson, 5BR 2BA rented for $1,200 / mo Package deal price: $275,000.00. Can be sold separately

    Monthly Payment Calculator



    © 2019 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: 2019-11-18T16:03:25.273.
    www.yourkeytomemphishomes.com/homes/97631217

    108 Simpson Ave Memphis, TN 38106

    • Price: $150,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 10059043
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1965
    Built
    Neighborhood:
    Trigg
    County:
    Shelby
    Area:
    South Memphis/61 Hwy
    Property Description
    Rare opportunity to own a 16 unit value add apartment building with close proximity to Downtown Memphis. Gross potential rent $115,200 This property is part of a package deal with 1362 Gleason, 1BR 1BA Duplex on each side rented for $1,075/mo and 232 Simpson, 5BR 2BA rented for $1,200 / mo Package deal price: $275,000.00. Can be sold separately
    Exterior Features

    Buildings 1 Construction Brick Foundation Slab Lot Size 316.68/165.76 X 181.66/127.6 Parking Facility ConcreteGravelOffsite/Street Roof Shingle/Shake

    Interior Features

    Appliances Equipment Other (See Remarks) Cooling Systems 1 Window Unit Per Unit Floors And Ceilings 8 Feet Heating Systems Wall Heat Hot Water Gas Laundry None

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 16 3 Bedroom Units 0 Annual City Tax 1561 Annual County Tax 2007 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 115200 Legal Subdivision Name Trigg Lot Number 3 Multifamily Type Apartment Building New Financing Cash Only Operating Expenses InsuranceSome UtilitiesTaxes Other Units 0 Possession At Closing Sale Includes Building And Land Source Of Info Owner Tenant Pays Some UtilitiesElectric Type Of Leases Monthly Type Of Units 2 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Braden, Braden & Braden Llc.



    © 2019 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: 2019-11-18T16:03:25.273.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120