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1102 S Somerville St

Memphis, TN 38106
  • $119,900
  • STATUS: Closed
  • ON SITE: 399 Days
  • MLS #: 10174539
Sold - 10/28/2024
$119,900
SOLD - 10/28/2024
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Williams Blk 95
Type:
Multi-Family
Built:
1900
County:
Shelby
Area:
Central Gardens

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Description

Here's your chance at a value add opportunity in South Memphis. 6 units total. This was a rooming house previously. Rents were between $500-$600 ea. Vacant, easy to show. Selling as-is, seller will not make repairs. Seller will finance w/ $30k down at 11% interest/ 3yr balloon amortized over 30yrs.

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© 2025 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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-07-18T00:03:45.747.
www.redsearealtyco.com/homes/151621882
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1102 S Somerville St Memphis, TN 38106

  • Price: $119,900
  • Status: Closed
  • On Site: 399 Days
  • Updated: 185 min ago
  • MLS #: 10174539
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Williams Blk 95
County:
Shelby
Area:
Central Gardens
Property Description
Here's your chance at a value add opportunity in South Memphis. 6 units total. This was a rooming house previously. Rents were between $500-$600 ea. Vacant, easy to show. Selling as-is, seller will not make repairs. Seller will finance w/ $30k down at 11% interest/ 3yr balloon amortized over 30yrs.
Exterior Features

Buildings 1 Construction Other (See Remarks) Foundation Conventional/Crawl Space Lot Size 55X150 Parking Facility ConcreteGravel Roof Composition

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Other (See Remarks) Heating Systems Other (See Remarks) Hot Water Other (See REMARKS) Laundry None

Property Features

1 Bedroom Units 6 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 0 Annual City Tax 481 Annual County Tax 603 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 43200 Legal Subdivision Name WILLIAMS BLK 95 Multifamily Type Apartment Building New Financing Cash Only Operating Expenses All Utilities Other Units 0 Percent Occupancy 0 Possession At Closing Sale Includes Building and Land Source Of Info Projected Tenant Pays Other (Call LA) Type Of Leases None Type Of Units 1 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Renshaw Company, REALTORS: 901-820-4367.



© 2025 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 Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-07-18T00:03:45.747.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654