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147 Stonewall St

Memphis, TN 38104
  • $1,395,000
  • STATUS: Active
  • ON SITE: 235 Days
  • MLS #: 10170194
UPDATED: 2 min ago
$1,395,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy.

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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: 2024-12-12T08:04:01.687.
www.redsearealtyco.com/homes/149516124
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147 Stonewall St Memphis, TN 38104

  • Price: $1,395,000
  • Status: Active
  • On Site: 235 Days
  • Updated: 2 min ago
  • MLS #: 10170194
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
N W Speers
County:
Shelby
Area:
Central Gardens
Property Description
ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 90 X 182.38 Misc Exterior Ceiling Fan(s)Security LightingSidewalksSome LandscapingWood Fence Parking Facility ConcreteOffsite/Street Roof Flat

Interior Features

Appliances Equipment Cooktop/Wall OvenDishwasherDisposalRange/Oven (Built-In)Range/Oven (Freestanding)Refrigerator Cooling Systems Central Floors And Ceilings Other (See Remarks)TileVinyl Floor Heating Systems CentralGas Hot Water Gas Laundry Common LaundryConnectionsEquipment Owned

Property Features

1 Bedroom Units 0 2 Bedroom Units 11 3 Bedroom Units 0 Actual Annual Rent 89875 Annual City Tax 3993 Annual County Tax 5010 Assumption Must QualifySome Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 151200 Legal Subdivision Name N W SPEERS Lot Number 20 Multifamily Type Apartment Building New Financing AssumptionConventionalOther (Call LA)Private Operating Expenses InsuranceManagementTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building and LandOther (See REMARKS)Some Appliances Source Of Info Current RecordsOwnerP/L StatementRent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Revid Property Management, LLC: 901-725-7766.



© 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: 2024-12-12T08:04:01.687.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654