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Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Subdivision Trigg
MLS Listing ID 10059043
Sold Date 06/04/20
Year Built 1965
Annual Tax Amount $3,568
Property Description
Offer price reduced from $150,000 for fast sale! This is value-add opportunity to acquire an apartment complex with a lot up upside. Approximately $150,000 is needed in repairs / renovations which includes a new roof. An estimated ARV value of $400,000 - $432,000. Tenants pay all utilities via separate meters. Taxes are $3,600 / Yr. The building is in 3 sections. The right section had tenants in it over the course of 2019 upstair
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Wall Heat
Cooling 1 Window Unit per Unit
Flooring 8 Feet
Equipment Other (See REMARKS)
Laundry None
Exterior
Garage Concrete, Gravel, Offsite/Street
Roof Type Shingle/Shake
Building
Foundation Slab
Water Gas
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Stephanie R Moss • BEST Real Estate Company
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