512 MCELROY RD new Save Request In-Person Tour Request Virtual Tour
Memphis,TN 38120
Key Details
Property Type Multi-Family
Sub Type Single Family Conversion
Listing Status Active
Purchase Type For Sale
Square Footage 3,799 sqft
Price per Sqft $142
Subdivision Bruce Ellington Resub Lots 2&3
MLS Listing ID 10184658
Style Traditional
Bedrooms 6
Full Baths 4
Year Built 1985
Annual Tax Amount $6,081
Property Description
"RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhoods with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."
Location
State TN
County Shelby
Area White Station
Rooms
Dining Room 15x12
Interior
Interior Features All Window Treatments,Attic Access,Cable Wired
Heating Central,Electric
Cooling Central Cooling
Flooring Hardwood Throughout,Smooth Ceiling,Tile
Fireplaces Number 2
Equipment Range/Oven (Freestanding),Refrigerator
Exterior
Exterior Feature Aluminum/Steel Siding,Brick Veneer
Garage Garage Door Opener(s),Side-Load Garage
Garage Spaces 2.0
Pool None
Roof Type Composition Shingles
Building
Lot Description Level,Other (See Remarks),Some Trees,Wood Fenced
Story 2
Foundation Slab
Water Electric
Others
Miscellaneous Patio,Other (See Remarks)