975 Meda St

    Memphis, TN 38104
    • $3,600,000
    • STATUS: Contingent
    • ON SITE: 71 days
    • ID#: 10058964
    Under Contract
    UPDATED: 47 min ago
    $3,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Unique apartment PACKAGE of 51 units on 18 properties all located in MIDTOWN. Each property is 2, 3 or 4 units. Neighborhoods include Midtown, Central Gardens, Cooper-Young, Evergreen and Vollintine/Evergreen. All units 100% occupied in July. Investors could keep the rentals cash flowing as is, upgrade & increase rents, turn some units into short rentals, or turn some into condos. Priced @ $70k/unit, Cap Rate 8%. Owner will not separate package. Call Perk Realty for details. Owner/Agent.

    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: 2019-10-16T21:03:09.5.
    www.yourkeytomemphishomes.com/homes/97605412

    975 Meda St Memphis, TN 38104

    • Price: $3,600,000
    • Status: Contingent
    • Updated: 47 min ago
    • ID#: 10058964
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1923
    Built
    Neighborhood:
    Cooper Young
    County:
    Shelby
    Area:
    Central Gardens
    Property Description
    Unique apartment PACKAGE of 51 units on 18 properties all located in MIDTOWN. Each property is 2, 3 or 4 units. Neighborhoods include Midtown, Central Gardens, Cooper-Young, Evergreen and Vollintine/Evergreen. All units 100% occupied in July. Investors could keep the rentals cash flowing as is, upgrade & increase rents, turn some units into short rentals, or turn some into condos. Priced @ $70k/unit, Cap Rate 8%. Owner will not separate package. Call Perk Realty for details. Owner/Agent.
    Exterior Features

    Buildings 18 Construction Other (See Remarks) Foundation Conventional/Crawl Space Lot Size 50 X 120 Parking Facility 1 Per Unit Roof Shingle/Shake

    Interior Features

    Cooling Systems Individual Cooling Floors And Ceilings Other (See Remarks) Heating Systems Individual Systems Hot Water Individual System Laundry Washer in UnitDryer in Unit

    Property Features

    1 Bedroom Units 24 2 Bedroom Units 13 3 Bedroom Units 11 Actual Annual Rent 464000 Annual City Tax 1768 Annual County Tax 2272 Assumption No Assumption Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 2 Existing Financing Other (See Remarks) Gross Potential Annual Rent 540000 Legal Subdivision Name Mt Arlington S/D Blk K Lot Number 8-9 Multifamily Type Other (See Remarks) New Financing Other (Call La) Operating Expenses Management Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building And LandAll Appliances Source Of Info Rent Roll Tenant Pays Other (Call La) Type Of Leases Year Type Of Units Efficiency/Studio1 Br - 1 Bath2 Br - 1 Bath3 Br - 1 Bath3 Br - 1+ BathsUnfurnished

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



    © 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: 2019-10-16T21:03:09.5.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120