$2,597,000
$2,597,000
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SOLD DATE : 04/06/2023
Key Details
Sold Price $2,597,000
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Subdivision Ridgecrest First Addition
MLS Listing ID 10129236
Sold Date 04/06/23
Year Built 1959
Annual Tax Amount $17,888
Property Sub-Type Apartment Complex
Property Description
Major Renovation of 40 units- 2bed/1bath, 3bed/1bath. in a fast-developing area. $36k monthly fully rented. Owner has completed major renovations! New architectural roofs, 40 HVAC units, H2O heaters, resurfaced parking lot, interior renovations, coin operated laundry room. Owner can carry up to a 15 % second mortgage on cash purchase. 5 year roof warranty! 1424 Canfield also included in sale.
Location
State TN
County Shelby
Area Frayser/Whitney
Interior
Heating Central
Cooling Central
Flooring 8 Feet, Dry Wall, Other (See Remarks), Tile, Vinyl Floor
Equipment Refrigerator, Range/Oven (Built-In), Dishwasher
Laundry Common Laundry, Equipment Owned
Exterior
Parking Features Asphalt/Blacktop, Attached
Roof Type Composition
Building
Story 2
Foundation Conventional/Crawl Space
Water Electrical, Public Sewer, Public Water
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Curtis L Braden • Braden, Braden & Braden LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "