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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Subdivision South Memphis Land Co
MLS Listing ID 10108985
Sold Date 10/29/21
Year Built 1954
Annual Tax Amount $1,061
Property Description
1680 Kansas St 1 Story Completely renovated including Water & Sewer Lines, New roofs, plumbing, electrical, mini splits. 12 Units -All 1 bedroom/1 Bath units. Prof mgmt company in place. Onsite Laundry facility! Owner just finished renovations, & property in in lease up.Scheduled monthly income over $6,000, over 10%cap rate. Over $115,000 in updates & renovations Drive by only, do not disturb tenants.Seller also owns 1686 Kansas(10x 1bed units),selling separately or together.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Other (See Remarks)
Cooling Other (See Remarks)
Flooring Other (See Remarks)
Equipment Other (See REMARKS)
Laundry None
Exterior
Garage Asphalt/Blacktop, Offsite/Street
Roof Type Composition
Building
Story 1
Foundation Conventional/Crawl Space
Water Other (See REMARKS)
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Alan Stricklin Crenshaw • Sowell, Realtors
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