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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 9,632 sqft
Price per Sqft $98
Subdivision Royal Ridge
MLS Listing ID 10157388
Sold Date 04/08/24
Year Built 1975
Annual Tax Amount $6,052
Property Description
Stabilized 19 unit with tons of upside. Over $20k in interior capitalizations in 2023. Nice mix of 1/1 units and 2/1 townhome units. Close to Nike & Amazon in safe, quiet neighborhood. Monthly rent $9,885, potential $13,900. Purpose built as a 20 unit; can easily be turned back for more units/income.
Location
State TN
County Shelby
Area Egypt Central
Interior
Heating Central, Electrical, Individual Systems
Cooling Central, Electrial, Individual Cooling
Flooring 8 Feet, Dry Wall, Partial Carpet, Wood Laminate Floors
Equipment Range/Oven (Freestanding), Refrigerator
Laundry Connections
Exterior
Garage Asphalt/Blacktop, More Than 1 Per Unit
Roof Type Composition
Building
Story 2
Foundation Laundry Facility, Slab, Storage Area
Water Electrical, Public Sewer, 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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