1178 N Evergreen St

    Memphis, TN 38108
    • $84,900
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: 10040207
    Price Reduced
    UPDATED: 25 min ago
    $84,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Owner selling AS-IS; cash-only, will not finance. BACK ON THE MARKET AFTER FINANCING FELL THROUGH! This is a chance to create a killer deal at a good buy-in price! Roof replaced 3 years ago! The units were fully rehabbed (new floors and walls) with new plumbing and electrical but there has been a lot of damage due to vandalism. These were not under management at the time, so a successful rehab is possible! The rehab cost per unit is unknown, but estimated at $5k/unit on the high side.

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    © 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: 2019-01-16T12:03:27.97.
    www.yourkeytomemphishomes.com/homes/89189364

    1178 N Evergreen St Memphis, TN 38108

    • Price: $84,900
    • Status: Active
    • Updated: 25 min ago
    • ID#: 10040207
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    Union Land & Improvement Co
    County:
    Shelby
    Area:
    Vollintine/Northside
    Property Description
    Owner selling AS-IS; cash-only, will not finance. BACK ON THE MARKET AFTER FINANCING FELL THROUGH! This is a chance to create a killer deal at a good buy-in price! Roof replaced 3 years ago! The units were fully rehabbed (new floors and walls) with new plumbing and electrical but there has been a lot of damage due to vandalism. These were not under management at the time, so a successful rehab is possible! The rehab cost per unit is unknown, but estimated at $5k/unit on the high side.
    Exterior Features

    Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 9700 Lot Size 73X133 Parking Facility Offsite/Street Roof Composition

    Interior Features

    Cooling Systems None Floors And Ceilings Hardwood ThroughoutTile Heating Systems Wall Heat Hot Water Public Water Improved Sq Ft 3600 Laundry None Leaseable Sq Ft 3600

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 0 Annual City Tax 1020 Annual County Tax 1311 Annual Insurance Expenses 2200 Annual Land Lease Payment 0 Annual Misc Income 0 Assumption Other (Call La) Average Annual Utilities 0 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 41400 Legal Subdivision Name Union Land & Improvement Co Lot Number 1 Multifamily Type Apartment Building New Financing Cash Only Operating Expenses ManagementInsuranceSome UtilitiesRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 0 Possession At Closing Sale Includes Building And Land Source Of Info OwnerCurrent Records Tenant Pays Some Utilities Type Of Leases None Type Of Units 2 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Crestcore Realty, 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: 2019-01-16T12:03:27.97.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120