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3250 Guernsey Ave

Memphis, TN 38112
  • $1,290,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 10192434
UPDATED: 37 min ago
$1,290,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Dermon
Type:
Multi-Family
Built:
1964
County:
Shelby
Area:
Midtown/Holmes

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Description

Excellent investment opportunity! Some units need work/rehab. Each unit is metered. Roof is less than three years old. Some units have two year old water heaters. Renovation in 2022/2023. MHA contracts in hand.

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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: 2025-05-19T23:03:50.62.
www.redsearealtyco.com/homes/161688754
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3250 Guernsey Ave Memphis, TN 38112

  • Price: $1,290,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 37 min ago
  • MLS #: 10192434
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Dermon
County:
Shelby
Area:
Midtown/Holmes
Property Description
Excellent investment opportunity! Some units need work/rehab. Each unit is metered. Roof is less than three years old. Some units have two year old water heaters. Renovation in 2022/2023. MHA contracts in hand.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 0.57 Misc Exterior Brick/Stone FenceChain FenceSidewalksSome Landscaping Parking Facility Gravel Roof Flat

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Vinyl Floor Heating Systems GasWall Heat Hot Water ElectricalPublic SewerPublic Water Laundry None

Property Features

1 Bedroom Units 2 2 Bedroom Units 16 3 Bedroom Units 0 Amenities Dumpster Annual City Tax 2403 Annual County Tax 3046 Annual Insurance Expenses 9724 Annual Misc Income 0 Assumption Must Qualify Average Annual Utilities 3600 Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 201600 Legal Subdivision Name DERMON RESUBD OF LOT 94 Lot Number PT 2 Multifamily Type Apartment Building New Financing Other (Call LA) Operating Expenses InsuranceManagementPest ControlRepairs/MaintenanceServicesSome UtilitiesTaxesTrash Collection Other Units 0 Possession At Closing Sale Includes All AppliancesAll EquipmentBuilding and LandSignage Source Of Info Owner Tenant Pays All Utilities Type Of Leases MonthlyYear Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of REMAX Experts: 901-685-6000.



© 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: 2025-05-19T23:03:50.62.
 
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