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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 11,388 sqft
Price per Sqft $131
Subdivision Trigg
MLS Listing ID 10133887
Sold Date 04/18/23
Year Built 1963
Annual Tax Amount $3,750
Property Description
36 unit apartment complex in Stax Museum area (Opportunity Zone!). All units are 2 bed/1 bath. Current scheduled monthly income is $14,700. Serious upside in rents across the board plus 7 vacant units for immediate upside in gross monthly rent. Sale to include the 2 parcels the buildings are on, plus 5 vacant parcels behind the property as well, a total of 1.348 acres. Taxes on MLS autofill only one parcel - buyers can request full info from listing agent.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Gas, Wall Heat
Cooling 1 Window Unit per Unit
Flooring 8 Feet, Dry Wall, Partial Carpet, Tile
Equipment Refrigerator, Range/Oven (Freestanding)
Laundry None
Exterior
Garage Asphalt/Blacktop, Concrete, Gravel, More Than 1 Per Unit
Roof Type Composition,Pitched
Building
Story 2
Foundation Slab
Water Gas, Public Water
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Jessica Sewell • Prime Real Estate Group
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