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3969 Southlawn Ave

Memphis, TN 38111
  • $540,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 10193932
Price Reduced
UPDATED: 59 min ago
$540,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

Appraisal in hand from May 2025 showing value of $549,000. Perfectly located 6-unit apartment building near both UofM campuses! Property has received over $100k in capital improvements since 2023. Fully occupied. Property has received a new roof, fence, several HVAC units, appliances, windows, flooring and more. Current rent $4,790 with potential to increase to market. All units have central heat & air. Rent Roll & Capital Improvement List available upon request. Schedule your showing today!

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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/162445566
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3969 Southlawn Ave Memphis, TN 38111

  • Price: $540,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 59 min ago
  • MLS #: 10193932
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Southlawn Commercial
County:
Shelby
Area:
Getwell/Park
Property Description
Appraisal in hand from May 2025 showing value of $549,000. Perfectly located 6-unit apartment building near both UofM campuses! Property has received over $100k in capital improvements since 2023. Fully occupied. Property has received a new roof, fence, several HVAC units, appliances, windows, flooring and more. Current rent $4,790 with potential to increase to market. All units have central heat & air. Rent Roll & Capital Improvement List available upon request. Schedule your showing today!
Exterior Features

Buildings 1 Construction Stone Foundation Slab Lot Size 9474 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Hardwood ThroughoutTileVinyl Floor Heating Systems Central Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 56280 Annual City Tax 1400 Annual County Tax 1485 Assumption No Assumption Average Annual Utilities 2160 Efficiency Studio Units 0 Existing Financing Conventional Fixed Legal Subdivision Name SOUTHLAWN COMMERCIAL Lot Number 1 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Possession Tenants Rights Sale Includes All AppliancesAll FurnishingsBuilding and Land Source Of Info Owner Tenant Pays Some 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 RE PROS LLC: 501-765-4833.



© 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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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654