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View of yard -
Kitchen with dark hardwood / wood-style flooring, a textured ceiling, white cabinetry, a kitchen bar, and black appliances
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Kitchen featuring black appliances, sink, a textured ceiling, white cabinets, and dark wood-type flooring
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Unfurnished bedroom with a textured ceiling and dark hardwood / wood-style flooring
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Unfurnished room featuring dark hardwood / wood-style floors and a textured ceiling
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Unfurnished living room with a textured ceiling, a wall mounted AC, and dark hardwood / wood-style floors
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Kitchen with dark hardwood / wood-style flooring, white cabinetry, a textured ceiling, black appliances, and sink
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Unfurnished room featuring a textured ceiling and dark hardwood / wood-style flooring
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Kitchen featuring kitchen peninsula, white cabinets, electric range, dark hardwood / wood-style flooring, and white fridge
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Empty room featuring dark hardwood / wood-style floors
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Kitchen with white cabinetry, kitchen peninsula, white appliances, and dark hardwood / wood-style flooring
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Kitchen with white appliances, sink, water heater, white cabinetry, and dark wood-type flooring
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Foyer with dark wood-type flooring and a textured ceiling
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Kitchen featuring a textured ceiling, white range with electric cooktop, wood-type flooring, and tile counters
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Kitchen featuring dark wood-type flooring, white cabinetry, kitchen peninsula, and white appliances
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Empty room featuring dark wood-type flooring
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Unfurnished bedroom with white refrigerator, a textured ceiling, and dark hardwood / wood-style flooring
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Ranch-style house featuring a porch and a front lawn
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View of side of property with a yard
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View of front of home featuring a front yard
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View of side of property
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View of side of property with a yard
Description
Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. the opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. the property is located just 1 block from the medical district and 1 mile from the crosstown concourse. nicely manicured with an open, u shaped layout, the property feels large and welcoming. all units feature 1 bedroom and 1 bathroom. the current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. a few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.
Property Type
Apartment BuildingSubdivision
LaneCounty
ShelbyStyle
Exclusive Right to SellAD ID
47483511
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Property Details
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Exterior Features
Building Information
- Built Year: 1959
- # of Stories: 1
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Property / Lot Details
Lot Information
- Lot Size: 0.34 acres
Property Information
- Sale/Rent: For Sale
- Type: Apartment Building
- Area: Harbor Town/Downtown
- Subdivision: Lane
- City: Memphis
- County: Shelby
- State: TN
- Zip: 38105
- Directions: From Midtown, go West on Poplar, turn North on Dunlap. Property is on the right.
- Property Status: Pending
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Listing Information
Listing Information
- List Price: $535,000
- ListingId: 10184186
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Taxes / Assessments
Tax Information
- Annual City Tax: $883
- Annual County Tax: $909
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BuyOwner last updated this listing 05/04/2025 @ 03:53
- MLS: 10184186
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Memphis Area Assoc. of REALTORS® - MAAR
is a Apartment, with 10 bedrooms which is recently sold, it has 0 sqft, 0.34 acres sized lot, and Gravel,Offsite/Street parking. are nearby neighborhoods.