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1261 Central Ave

Memphis, TN 38104
  • $500,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 10180386
UPDATED: 35 min ago
$500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Annesdale
Type:
Multi-Family
Built:
1917
County:
Shelby
Area:
Central Gardens

School Ratings & Info

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Description

Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.

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© 2024 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: 2024-10-11T19:03:57.37.
www.redsearealtyco.com/homes/154555545
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1261 Central Ave Memphis, TN 38104

  • Price: $500,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 35 min ago
  • MLS #: 10180386
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1917
Built
Neighborhood:
Annesdale
County:
Shelby
Area:
Central Gardens
Property Description
Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.
Exterior Features

Buildings 1 Construction BrickStone Foundation Conventional/Crawl SpacePartial Basement Lot Size 60X150 Parking Facility Gravel Roof PitchedShingle/Shake

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Partial CarpetTileWood Laminate Floors Heating Systems Wall Heat Hot Water Gas Improved Sq Ft 2748 Laundry None Leaseable Sq Ft 2748

Property Features

1 Bedroom Units 2 2 Bedroom Units 1 3 Bedroom Units 0 Actual Annual Rent 57774 Annual City Tax 2280 Annual County Tax 2861 Annual Operating Expenses 25500 Assumption No Assumption Average Annual Utilities 0 Efficiency Studio Units 3 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 61224 Legal Subdivision Name SNOWDEN HOMESTEAD Lot Number 33 Multifamily Type Converted House New Financing Conventional Operating Expenses Accounting/LegalAdvertisingInsuranceLicense/PermitsRepairs/MaintenanceServicesTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building and Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 BathEfficiency/Studio

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of SimpliHOM: 855-856-9466.



© 2024 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: 2024-10-11T19:03:57.37.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654