Description
***new tenant going in dec 13th, bringing the monthly income up by $650!*** just a few blocks from the burgeoning downtown area is this 6-unit apartment building - some claim to be close to downtown, but this one really is! 4 of the units are occupied & one is rent-ready. this building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it! each unit has a dedicated mini-split heat/air unit and parking. area around building is nice, with new homes & high values - current rents are $3450, but should be $4100+ when the last vacant unit is turned. value-add potential.
Property Type
Apartment BuildingCounty
ShelbyStyle
Exclusive Right to SellAD ID
46022585
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Property Details
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Exterior Features
Building Information
- Built Year: 1952
- # of Stories: 1
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Property / Lot Details
Lot Information
- Lot Size: 18252
Property Information
- Sale/Rent: For Sale
- Type: Apartment Building
- Area: Harbor Town/Downtown
- Subdivision: Charles Erck
- City: Memphis
- County: Shelby
- State: TN
- Zip: 38107
- Directions: Driving W on N Pkwy, take a right onto Thomas St., then a right onto Bethel Ave. The units will be on the left.
- Property Status: Active
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Listing Information
Listing Information
- List Price: $320,000
- ListingId: 10174536
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Taxes / Assessments
Tax Information
- Annual City Tax: $1858
- Annual County Tax: $2331
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BuyOwner last updated this listing 05/04/2025 @ 05:11
- MLS: 10174536
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Memphis Area Assoc. of REALTORS® - MAAR
is a Apartment, with 6 bedrooms which is for sale, it has 0 sqft, 18,252 sized lot, and Asphalt/Blacktop parking. are nearby neighborhoods.