596 S Danny Thomas Blvd

    Memphis, TN 38126
    • $450,000
    • STATUS: Contingent
    • ON SITE: 91 days
    • ID#: 10059765
    Under Contract
    $450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    14-unit (Six 1BR/1BA & Eight 2BR/1BA) renovated apartment bldg in Downtown Memphis by the new Foote Homes South City $250 Million redevelopment on Danny Thomas Blvd & less than 1 mile from the $950 Million Union Row Development! Walking distance to FedEx Forum & located in one of Memphis Opportunity Zones.This unique property has a 14% CAP rate, gross rental income of $72,200 & 100% occupied (solid tenants). All units renovated in 2018 w/new water heaters, laminate hardwood floor, ceramic tile!

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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: 2019-11-15T00:03:09.46.
    www.yourkeytomemphishomes.com/homes/97997009

    596 S Danny Thomas Blvd Memphis, TN 38126

    • Price: $450,000
    • Status: Contingent
    • ID#: 10059765
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Dearing Blk 4
    County:
    Shelby
    Area:
    South Bluffs/Downtown
    Property Description
    14-unit (Six 1BR/1BA & Eight 2BR/1BA) renovated apartment bldg in Downtown Memphis by the new Foote Homes South City $250 Million redevelopment on Danny Thomas Blvd & less than 1 mile from the $950 Million Union Row Development! Walking distance to FedEx Forum & located in one of Memphis Opportunity Zones.This unique property has a 14% CAP rate, gross rental income of $72,200 & 100% occupied (solid tenants). All units renovated in 2018 w/new water heaters, laminate hardwood floor, ceramic tile!
    Exterior Features

    Buildings 1 Construction Other (See Remarks) Foundation Slab Land Sq Ft 7824 Lot Size 231.66/222.87 X 63 +18.52/81.80 Parking Facility GravelOffsite/Street Roof Shingle/Shake

    Interior Features

    Appliances Equipment Other (See Remarks) Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Hardwood Throughout Heating Systems Wall Heat Hot Water Gas Laundry None

    Property Features

    1 Bedroom Units 6 2 Bedroom Units 8 3 Bedroom Units 0 Actual Annual Rent 72200 Annual City Tax 1132 Annual County Tax 1454 Assumption No Assumption Contingency Type Clagt - Call Agent Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 82000 Legal Subdivision Name Dearing Blk 4 Lot Number E Pts1-2 Multifamily Type Apartment Building New Financing ConventionalCash Only Operating Expenses InsuranceTaxesOther (Call La) Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building And LandOther (See Remarks) Source Of Info Owner Tenant Pays All Utilities Type Of Leases Monthly Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Braden, Braden & Braden Llc.



    © 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: 2019-11-15T00:03:09.46.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120