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1154 Wilson St

Memphis, TN 38106
  • $725,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 10139101
Price Reduced
$725,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

This 20 unit building is located just minutes south of Midtown Memphis. The units are all 1 bedroom. Rents are under market due to long term ownership. The market rents monthly are 11,900 a month. The total scheduled monthly income is 7820. Drive by only. Please do not disturb tenants.

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© 2023 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: 2023-06-08T00:03:27.877.
www.redsearealtyco.com/homes/135441562
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1154 Wilson St Memphis, TN 38106

  • Price: $725,000
  • Status: Active
  • On Site: 174 Days
  • MLS #: 10139101
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1957
Built
Neighborhood:
Wilson
County:
Shelby
Area:
South Memphis/Glenview
Property Description
This 20 unit building is located just minutes south of Midtown Memphis. The units are all 1 bedroom. Rents are under market due to long term ownership. The market rents monthly are 11,900 a month. The total scheduled monthly income is 7820. Drive by only. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 26771 Lot Size 153.1/171.4 X 166.2/165 Parking Facility Attached Roof Shingle/Shake

Interior Features

Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Improved Sq Ft 11890 Laundry Connections Leaseable Sq Ft 11890

Property Features

1 Bedroom Units 20 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 75072 Annual City Tax 1934 Annual County Tax 2486 Annual Insurance Expenses 4995 Annual Operating Expenses 21544 Assumption No Assumption Average Annual Utilities 7140 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 142800 Legal Subdivision Name Wilson Lot Number 3 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceSome UtilitiesTaxes Other Units 0 Percent Occupancy 80 Possession Tenants Rights Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2023 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: 2023-06-08T00:03:27.877.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654