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1297 Willie Mitchell Blvd

Memphis, TN 38106
  • $1,250,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 10193073
Price Reduced
UPDATED: 50 min ago
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This recently RENOVATED complex is 34 units, all 2BR 1 BA w/ Pitched Roofs, Central A/H, new Fls/ Baths, & Units! new security gate. Annual gross potential rent is $367,000. Willie Mitchell world famous studio is located across the street. 6 minutes drive to Downtown Memphis, 15 mins to Airport/FedEx World Hub & 5 mins to developing Soulsville. Contact me w/ questions!

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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: 2025-05-19T09:03:55.43.
www.redsearealtyco.com/homes/162011917
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1297 Willie Mitchell Blvd Memphis, TN 38106

  • Price: $1,250,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 50 min ago
  • MLS #: 10193073
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Graceland
County:
Shelby
Area:
Whitehaven/Graceland
Property Description
Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This recently RENOVATED complex is 34 units, all 2BR 1 BA w/ Pitched Roofs, Central A/H, new Fls/ Baths, & Units! new security gate. Annual gross potential rent is $367,000. Willie Mitchell world famous studio is located across the street. 6 minutes drive to Downtown Memphis, 15 mins to Airport/FedEx World Hub & 5 mins to developing Soulsville. Contact me w/ questions!
Exterior Features

Buildings 6 Construction Brick Foundation Slab Land Sq Ft 52359 Lot Size 87X150 Misc Exterior Chain FenceFully FencedSecurity Gate Parking Facility Asphalt/BlacktopSecured Roof PitchedTile

Interior Features

Cooling Systems Central Floors And Ceilings 8 FeetTile Heating Systems Central Hot Water Gas Laundry Common LaundryNone

Property Features

1 Bedroom Units 0 2 Bedroom Units 34 3 Bedroom Units 0 Actual Annual Rent 204000 Amenities Other (See REMARKS) Annual City Tax 709 Annual County Tax 889 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 367200 Legal Subdivision Name GRACELAND Lot Number 108 Multifamily Type Apartment Complex New Financing Cash OnlyConventionalOther (Call LA)Private Operating Expenses InsuranceOther (Call LA)Taxes Other Units 1 Percent Occupancy 59 Possession At ClosingOther (Call LA) Sale Includes All EquipmentBuilding and LandSome Appliances Source Of Info Owner Tenant Pays All UtilitiesOther (Call LA) Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Braden, Braden & Braden LLC: 901-881-2070.



© 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: 2025-05-19T09:03:55.43.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654