159 N Belvedere Blvd

    Memphis, TN 38104
    • $275,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: 10052756
    Price Reduced
    UPDATED: 38 min ago
    $275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Great addition to any investor's portfolio in the heart of Midtown Memphis. Currently leases as a 5 unit bldg (4 - 1br units / 1 efficiency unit) parking area in the rear, rare for a Midtown complex!!! Great find for a value add property with opportunity for increase revenue. Bring All Offers!

    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: 2019-07-19T13:03:27.013.
    www.yourkeytomemphishomes.com/homes/94885184

    159 N Belvedere Blvd Memphis, TN 38104

    • Price: $275,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 10052756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1912
    Built
    Neighborhood:
    Mosby
    County:
    Shelby
    Area:
    Central Gardens
    Property Description
    Great addition to any investor's portfolio in the heart of Midtown Memphis. Currently leases as a 5 unit bldg (4 - 1br units / 1 efficiency unit) parking area in the rear, rare for a Midtown complex!!! Great find for a value add property with opportunity for increase revenue. Bring All Offers!
    Exterior Features

    Buildings 2 Construction BrickStuccoOther (See Remarks) Foundation Partial BasementOther (See Remarks) Land Sq Ft 12325 Lot Size 50 X 246.5 Parking Facility GravelOffsite/Street Roof CompositionOther (See Remarks)

    Interior Features

    Cooling Systems 1 Window Unit Per UnitOther (See Remarks) Floors And Ceilings Hardwood ThroughoutTileOther (See Remarks) Heating Systems CentralOther (See Remarks) Hot Water Other (See Remarks) Laundry None Leaseable Sq Ft 3230

    Property Features

    1 Bedroom Units 4 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 27360 Annual City Tax 2195 Annual County Tax 2821 Annual Insurance Expenses 1975 Annual Land Lease Payment 0 Annual Operating Expenses 4500 Assumption Other (Call La) Average Annual Utilities 800 Contingency Type No Contingency Efficiency Studio Units 1 Existing Financing Conventional FixedOther (See Remarks) Gross Potential Annual Rent 35000 Legal Subdivision Name Mosby Lot Number N Pt 14 Multifamily Type Apartment Building New Financing ConventionalOther (Call La) Operating Expenses ManagementOther (Call La) Other Units 0 Percent Occupancy 80 Possession At ClosingTenants RightsOther (Call La) Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays Other (Call La) Type Of Leases Other (Call La) Type Of Units Efficiency/Studio1 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Dreamteam Realty Co.



    © 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: 2019-07-19T13:03:27.013.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120