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1431 N Parkway Ave

Memphis, TN 38112
  • $324,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 10152537
UPDATED: 32 min ago
$324,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:
Area:

School Ratings & Info

Description

100% Occupied Rental Investment 2 blocks from Crosstown Concourse; $48,429 annual income, $25,151 expenses = net $23,269. Multi Fam: 8 rooms, 2 shared baths, one kitchen, professionally managed, some tenants have lived here for 6 and 7 years. Low Turn-over. All appliances stay. Updated: roof, paint, windows, floors, basement, plumbing. Well Maintained. Close to Colleges, Parks, Shopping, Medical District. Great Opportunity.

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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: 2023-12-11T11:04:22.233.
www.redsearealtyco.com/homes/141635601
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1431 N Parkway Ave Memphis, TN 38112

  • Price: $324,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 32 min ago
  • MLS #: 10152537
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1923
Built
Neighborhood:
Evergreen
County:
Shelby
Area:
Overton Park
Property Description
100% Occupied Rental Investment 2 blocks from Crosstown Concourse; $48,429 annual income, $25,151 expenses = net $23,269. Multi Fam: 8 rooms, 2 shared baths, one kitchen, professionally managed, some tenants have lived here for 6 and 7 years. Low Turn-over. All appliances stay. Updated: roof, paint, windows, floors, basement, plumbing. Well Maintained. Close to Colleges, Parks, Shopping, Medical District. Great Opportunity.
Exterior Features

Buildings 1 Construction Brick Foundation Conventional/Crawl SpacePartial BasementStorage Area Lot Size 53.5/48-13X150/126 Misc Exterior Curbs/GuttersSidewalksSecurity LightingDedicated StreetsSome LandscapingBrick/Stone FenceWood FencePartically Fenced Parking Facility Offsite/Street Roof Heavy Composition

Interior Features

Appliances Equipment DishwasherDisposalExhaust Fan/Vent HoodMicrowaveRange/Oven (Freestanding)RefrigeratorSmoke Detector(s) Cooling Systems 1 Window Unit per Unit Floors And Ceilings 8 Feet9 Ft or MoreConcreteDry WallPaneledPlasterTileVinyl FloorWood Laminate Floors Heating Systems Gas Hot Water House SystemPublic SewerPublic Water Laundry Common LaundryConnectionsDryer in UnitEquipment OwnedWasher in Unit

Property Features

1 Bedroom Units 8 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 51840 Amenities T.V. AntennaCable T.V.Extra StorageAdults OnlyDrapes/Curtains Annual City Tax 1174 Annual County Tax 1509 Annual Insurance Expenses 1300 Assumption No Assumption Average Annual Utilities 10000 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 51840 Legal Subdivision Name HORN BROS Lot Number 6 Mobile Homes And Amenities TV - Owned Multifamily Type Converted House New Financing ConventionalOther (Call LA) Operating Expenses All UtilitiesInsurance Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes All AppliancesAll FurnishingsBuilding and Land Source Of Info AccountantCurrent RecordsLeasesOwnerP/L StatementRent Roll Tenant Pays Security Deposit Type Of Leases Weekly Type Of Units Efficiency/StudioFurnished

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Keller Williams: 901-261-7900.



© 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: 2023-12-11T11:04:22.233.
 
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