1044 Delmar Ave, Memphis, TN 38105
- $1,200,000
- List Price
- $1,200,000
- Price Change
- ▼ $25,000 1785442600
- MLS#
- 10218077
- Property Type
- Multifamily
- Lot Size
- 245 X 210
- Status
- ACTIVE
Property Description
Great investment opportunity! Gated Delmar-Lema Village with 23 units near the Medical District. 6.9% pro forma cap rate. 1 bed/1 bath units with extensive capital improvements: LVP flooring, interior paint, new plumbing, stainless steel appliances, central heat and A/C, and more. All exteriors have fresh paint and newer roofing. Entire perimeter is fenced with solar powered double entry security gate installed at the entrance. Just blocks from the VA Medical Center, LeBonheur Children's Hospital, Regional One, and close to downtown Memphis. Surrounding area is currently being revitalized with many new & upcoming developments. Seller financing will be considered.
Additional Information
- Annual City Tax
- 14433
- Annual County Tax
- 15044
- Construction
- Wood/Composition
- Foundation
- Conventional/Crawl Space
- Hot Water
- Public Sewer, Public Water
- Legal Subdivision
- Harvey
- Lot
- PT 8
- Lot Size
- 245 X 210
- New Financing
- Conventional
- Occupancy
- 61
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Subdivision
- HARVEY
- Subtype
- Flat/Garden Units
- Tenant Pays
- Electric, Gas, Some Utilities
- Year Built
- 1912
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Listing courtesy of Myers Cobb Realtors, LLC.
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