$1,500,000
$1,750,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
11,388 SqFt
SOLD DATE : 04/18/2023
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 11,388 sqft
Price per Sqft $131
Subdivision Trigg
MLS Listing ID 10133887
Sold Date 04/18/23
Year Built 1963
Annual Tax Amount $3,750
Property Sub-Type Apartment Building
Property Description
36 unit apartment complex in Stax Museum area (Opportunity Zone!). All units are 2 bed/1 bath. Current scheduled monthly income is $14,700. Serious upside in rents across the board plus 7 vacant units for immediate upside in gross monthly rent. Sale to include the 2 parcels the buildings are on, plus 5 vacant parcels behind the property as well, a total of 1.348 acres. Taxes on MLS autofill only one parcel - buyers can request full info from listing agent.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Gas, Wall Heat
Cooling 1 Window Unit per Unit
Flooring 8 Feet, Dry Wall, Partial Carpet, Tile
Equipment Refrigerator, Range/Oven (Freestanding)
Laundry None
Exterior
Parking Features Asphalt/Blacktop, Concrete, Gravel, More Than 1 Per Unit
Roof Type Composition,Pitched
Building
Story 2
Foundation Slab
Water Gas, Public Water
Others
Acceptable Financing Conventional
Listing Terms Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jessica Sewell • Prime Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "