On Site7 days
Year1965
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Berkshire Hathaway HomeServices Taliesyn
(901) 466-4004ASAP
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Status:
Active
Property Type:Apartment Building
MLS #:10148788
On Site:7 Days
County:Shelby
Over $50k in capital improvements completed in 2023 on this East Memphis 6-plex. New Roof, Perimeter Fence, 2 Interior Renovations & HVAC replacements. 4 units occupied below market rent through February 2024, two renovated units on the market to lease for $900 each. Current rent $4,200 with a potential rent of $5,200. Tenants pay all utilities. Central heat/air & in-unit laundry. Perfect opportunity to purchase a value-add apartment building in an up-and-coming area. Do not disturb tenants.
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Community Information
Address:3969 Southlawn Ave, Memphis, TN 38111
Area:758C
County:Shelby
City:Memphis
Subdivision:Southlawn Commercial
Zip Code:38111
Architecture
Year Built:1965
Construction: Brick, Brick/Veneer
Roof: Shingle/Shake
Foundation: Slab
Parking: Asphalt/Blacktop
Features / Amenities
Floors / Ceilings: Vinyl Floor, Dry Wall
Laundry: Washer in Unit, Dryer in Unit, Connections
Heating: Central
Cooling: Central
Hot Water: Gas
Property Features
Lot Dimensions:9474
Lot #: 1
Directions:North on Getwell, East on Southlawn
Tax and Financial Info
Annual City Tax: $1,183
Annual County Tax: $1,485
Actual Annual Rent: $4,200
Gross Potential Annual Rent: $5,200
Tenant Pays: All Utilities
Operating Expense Include: Management, Insurance, Repairs/Maintenance, Pest Control, Taxes
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3969 Southlawn Ave Memphis, TN 38111
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Listing Information Last Updated 6/1/2023
Listing provided courtesy of Diversified Real Estate.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
