1680 Kansas St

    Memphis, TN 38109
    • $600,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 10036247
    UPDATED: 41 min ago
    $600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    1680/1686 Kansas St - 2 Building - 1 Story - Completely Rehabbed including Water and Sewer Lines! 22 Units -All 1 bedroom/1 Bath units. Gross Potential Income - $118,800 Units rent for $400-$450/month. Average Occupancy is 92% for past year. 12.4 Cap Rate at current $600,000 asking price Please call Listing Agent for more information and a tour of the complex

    Monthly Payment Calculator



    © 2018 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: 2018-12-09T15:03:18.37.
    www.yourkeytomemphishomes.com/homes/87359979

    1680 Kansas St Memphis, TN 38109

    • Price: $600,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 10036247
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1954
    Built
    Neighborhood:
    South Memphis Land Co
    County:
    Shelby
    Area:
    South Memphis/61 Hwy
    Property Description
    1680/1686 Kansas St - 2 Building - 1 Story - Completely Rehabbed including Water and Sewer Lines! 22 Units -All 1 bedroom/1 Bath units. Gross Potential Income - $118,800 Units rent for $400-$450/month. Average Occupancy is 92% for past year. 12.4 Cap Rate at current $600,000 asking price Please call Listing Agent for more information and a tour of the complex
    Exterior Features

    Buildings 2 Construction Brick/VeneerVinyl SidingStorm Window(S)Energy Features Foundation Conventional/Crawl Space Land Sq Ft 35301 Lot Size 72.38 X 243.7 Misc Exterior Security LightingSome LandscapingBrick/Stone FenceWood Fence Parking Facility Asphalt/BlacktopLess Than 1 Per Unit Roof Shingle/ShakePitched

    Interior Features

    Appliances Equipment RefrigeratorRange/Oven (Freestanding) Cooling Systems Electrial1 Window Unit Per Unit Floors And Ceilings Hardwood ThroughoutTileVinyl FloorDry Wall8 Feet Heating Systems ElectricalWall HeatIndividual Systems Hot Water ElectricalPublic WaterPublic Sewer Laundry None

    Property Features

    1 Bedroom Units 22 2 Bedroom Units 0 3 Bedroom Units 0 Amenities Dumpster Annual City Tax 204 Annual County Tax 262 Annual Insurance Expenses 5315 Annual Land Lease Payment 0 Annual Misc Income 0 Annual Operating Expenses 27000 Assumption Must QualifyOther (Call La) Average Annual Utilities 7000 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 118800 Legal Subdivision Name South Memphis Land Co Multifamily Type Apartment Complex New Financing ConventionalAssumptionExchangePrivate Operating Expenses ManagementInsuranceSome UtilitiesTrash CollectionRepairs/MaintenanceTaxesAccounting/LegalServices Other Units 0 Percent Occupancy 92 Possession At Closing Sale Includes Building And LandAll EquipmentAll Appliances Source Of Info Owner Tenant Pays ElectricCable Tv Type Of Leases Year Type Of Units 1 Br - 1 Bath

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Ocg Properties, Llc.



    © 2018 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: 2018-12-09T15:03:18.37.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120