108 Simpson Ave

    Memphis, TN 38106
    • $125,000
    • STATUS: Active
    • ON SITE: 246 days
    • ID#: 10059043
    Price Reduced
    UPDATED: 48 min ago
    $125,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Offer price reduced from $150,000 for fast sale! This is value-add opportunity to acquire an apartment complex with a lot up upside. Approximately $150,000 is needed in repairs / renovations which includes a new roof. An estimated ARV value of $400,000 - $432,000. Tenants pay all utilities via separate meters. Taxes are $3,600 / Yr. The building is in 3 sections. The right section had tenants in it over the course of 2019 upstair

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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: 2020-04-09T11:03:24.76.
    www.yourkeytomemphishomes.com/homes/97631217

    108 Simpson Ave Memphis, TN 38106

    • Price: $125,000
    • Status: Active
    • Updated: 48 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
    Offer price reduced from $150,000 for fast sale! This is value-add opportunity to acquire an apartment complex with a lot up upside. Approximately $150,000 is needed in repairs / renovations which includes a new roof. An estimated ARV value of $400,000 - $432,000. Tenants pay all utilities via separate meters. Taxes are $3,600 / Yr. The building is in 3 sections. The right section had tenants in it over the course of 2019 upstair
    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 © 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: 2020-04-09T11:03:24.76.
     
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    6525 Quail Hollow Road
    Memphis TN, 38120