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1261 Central Ave

Memphis, TN 38104
  • $429,000
  • STATUS: Active
  • ON SITE: 27 days
  • ID#: 10102881
UPDATED: 28 min ago
$429,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Description

Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit building with a rent roll of $3,795 per month. Since renovation 11 months, property has been collecting 98.9% of rent roll. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. Process nearly complete of billing back all utilities to tenants.

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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: 2021-07-28T15:03:11.793.
www.yourkeytomemphishomes.com/homes/118850135
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1261 Central Ave Memphis, TN 38104

  • Price: $429,000
  • Status: Active
  • Updated: 28 min ago
  • ID#: 10102881
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1917
Built
Neighborhood:
Annesdale
County:
Shelby
Area:
Central Gardens
Property Description
Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit building with a rent roll of $3,795 per month. Since renovation 11 months, property has been collecting 98.9% of rent roll. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. Process nearly complete of billing back all utilities to tenants.
Exterior Features

Buildings 1 Construction Brick Foundation Conventional/Crawl Space Lot Size 60X150 Misc Exterior Some Landscaping Parking Facility Concrete Roof Composition

Interior Features

Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems 1 Window Unit Per Unit2+ Window Units Per Unit Floors And Ceilings Partial CarpetTileWood Laminate Floors Heating Systems Central Hot Water Gas Laundry Dryer in UnitWasher in Unit

Property Features

1 Bedroom Units 3 2 Bedroom Units 1 3 Bedroom Units 0 Actual Annual Rent 44780 Amenities Other (See Remarks) Annual City Tax 1852 Annual County Tax 2347 Annual Insurance Expenses 1800 Assumption No Assumption Average Annual Utilities 1500 Contingency Type No Contingency Efficiency Studio Units 2 Existing Financing Conventional Fixed Gross Potential Annual Rent 45540 Legal Subdivision Name Snowden Homestead Multifamily Type Converted House New Financing Cash OnlyConventional Operating Expenses All UtilitiesInsuranceTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes All AppliancesBuilding And Land Source Of Info LeasesP/L StatementRent Roll Tenant Pays Security Deposit Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 BathEfficiency/Studio

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Revid Investments, Llc.



© 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: 2021-07-28T15:03:11.793.
 
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Crye-Leike Realtors
6525 Quail Hollow Road
Memphis TN, 38120