3023 Lamar Ave

    Memphis, TN 38114
    • $390,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 10043451
    UPDATED: 49 min ago
    $390,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1942
    County:

    School Ratings & Info

    Description

    Great income producing and value-add property! This mobile home property has gross annual rental income of $43,000 with immediate potential of $72,000. Includes a newly renovated duplex & trailers ready for leasing! In a prime location with high traffic count on 3.81 acres. Close to the Memphis Airport, FedEx World Hub, UPS and more! The Dept of Transportation has approved $72 Million for improvements and upgrades to Lamar ave. This is a potential great development opportunity also!

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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: 2019-03-20T18:03:24.907.
    www.yourkeytomemphishomes.com/homes/90669047

    3023 Lamar Ave Memphis, TN 38114

    • Price: $390,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 10043451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1942
    Built
    Neighborhood:
    Lamar-Semmes
    County:
    Shelby
    Area:
    Pendleton/Park
    Property Description
    Great income producing and value-add property! This mobile home property has gross annual rental income of $43,000 with immediate potential of $72,000. Includes a newly renovated duplex & trailers ready for leasing! In a prime location with high traffic count on 3.81 acres. Close to the Memphis Airport, FedEx World Hub, UPS and more! The Dept of Transportation has approved $72 Million for improvements and upgrades to Lamar ave. This is a potential great development opportunity also!
    Exterior Features

    Buildings 22 Location Other (See Remarks) Lot Size 3.81AC Parking Facility Asphalt/BlacktopDetached31-75 Spaces Road Frontage City Street Roof Other (Call La) Truck Loading Door Height Less Than 6 Ft

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System 1 Window Unit Per UnitOther (See Remarks) Floors VinylPartial Carpet Foundation Other (Call La) Heating System Wall HeatIndividual Systems Hot Water Gas Hot Water Leaseable Sq Ft 15000

    Property Features

    Actual Annual Rent 42900 Annual City Tax 1788 Annual County Tax 2299 Annual Insurance Expenses 500 Annual Operating Expenses 8000 Average Annual Utilities 6000 Commercial Type Commercial Contingency Type No Contingency Existing Financing ClearOther (See Remarks) Information Available Rent Roll Legal Subdivision Name Lamar-Semmes Lot Number 1 Miscellaneous Outside Storage New Financing ConventionalCash Only Operating Expense Includes Accounting/LegalProperty InsuranceTaxes/Real EstateUtilities Percent Occupancy 36 Possession Lease Possession At ClosingTenants RightsMonth To Month Lease1-5 Years Lease Sale Includes Building And LandSignage Tenant Pays Electricity Trade Business Name Lamar Mobile Home Type Usage RetailSpecial Purpose Zoning Comm

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Keller Williams.



    © 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: 2019-03-20T18:03:24.907.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120