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    1716 Dupont Ave

    Memphis, TN 38127
    • $775,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 10089110
    New On Site 5 Days Ago
    UPDATED: 58 min ago
    $775,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    This 42 unit property includes 1716 Dupont (17u), 1695 Ontario (9u), 1707 Ontario (16u), and is a major rehab opportunity. The total acquisitions and rehab are approx $1, 275,000, after approximately $500,000 in rehab cost. The units are all 2 br. The scheduled monthly income will be 26250 after rehab.

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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: 2020-11-24T07:03:15.66.
    www.yourkeytomemphishomes.com/homes/112008013
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    1716 Dupont Ave Memphis, TN 38127

    • Price: $775,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 10089110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1967
    Built
    Neighborhood:
    Willis
    County:
    Shelby
    Area:
    Frayser - East
    Property Description
    This 42 unit property includes 1716 Dupont (17u), 1695 Ontario (9u), 1707 Ontario (16u), and is a major rehab opportunity. The total acquisitions and rehab are approx $1, 275,000, after approximately $500,000 in rehab cost. The units are all 2 br. The scheduled monthly income will be 26250 after rehab.
    Exterior Features

    Buildings 3 Construction Brick/Veneer Foundation Slab Land Sq Ft 66734 Lot Size 150 X 175 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

    Interior Features

    Cooling Systems Central Floors And Ceilings Vinyl Floor Heating Systems Central Hot Water Electrical Improved Sq Ft 35700 Laundry None Leaseable Sq Ft 35700

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 42 3 Bedroom Units 0 Actual Annual Rent 267750 Annual City Tax 1172 Annual County Tax 1485 Annual Insurance Expenses 6995 Annual Land Lease Payment 0 Annual Operating Expenses 68449 Assumption No Assumption Average Annual Utilities 7560 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 315000 Legal Subdivision Name Willis Lot Number 64And65and Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 40 Possession Tenants Rights Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays Some Utilities Type Of Leases None Type Of Units 2 Br - 1 Bath

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Crye-Leike Commercial.



    © 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: 2020-11-24T07:03:15.66.
     
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    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120