325 Greenlaw Ave, Memphis, TN 38105
- $1,099,000
- List Price
- $1,099,000
- Price Change
- ▼ $100,000 1784143730
- MLS#
- 10211134
- Property Type
- Multifamily
- Lot Size
- 157.50X163/140
- Status
- ACTIVE
Property Description
$735,000 Assumable first position! 14 Unit complex in the heart of the medical district is a great addition to any buyers portfolio! 13/14 units are currently occupied bringing in $11,431/Month. All units are 2BR/1BA's. Over $250,000 of upgrades have been put into the complex over the last three years. Notably, a brand new roof 2 years ago and additional exterior & interior rehabs. Value-add potential exists because some rents are currently below market, rent roll of $15,500+/month once all units are renovated. Fantastic location on the corner of Greenlaw & 7th St. Minutes from downtown St. Jude Hospital, which is in the process of a 6yr 12.9 BILLION dollar expansion. Located in a high-growth corridor including new retail such as Chick-fil-A, this property is uniquely positioned to attract quality tenants and achieve full market rents. Current rent roll and T12 financials available for qualified buyers.Seller is open to holding a 2nd lien on anything over $1m for qualified offer.
Additional Information
- Annual City Tax
- 2724
- Annual County Tax
- 2840
- Construction
- Brick
- Foundation
- Slab
- Hot Water
- Gas
- Legal Subdivision
- Gwynne + Gibson
- Lot
- 3-4-5
- Lot Size
- 157.50X163/140
- New Financing
- Conventional
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Subdivision
- GWYNNE & GIBSON
- Subtype
- Apartment Complex
- Tenant Pays
- All Utilities
- Year Built
- 1968
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Listing courtesy of Realty International, Inc..
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