957 Wellington Ave, Memphis, TN 38126
- $589,000
- List Price
- $589,000
- MLS#
- 10219672
- Property Type
- Multifamily
- Lot Size
- 61 X 167
- Status
- ACTIVE
Property Description
This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis. Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base. Recent upgrades include a new roof, electrical, plumbing, windows, and flooring. The property generates $5,400 in scheduled monthly rental income. A turnkey asset offering immediate cash flow with upside in a growing submarket.
Additional Information
- Actual Annual Rent
- 64800
- Annual City Tax
- 3790
- Annual County Tax
- 3950
- Annual Insurance Expense
- 8937
- Construction
- Brick/Veneer
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Graham
- Lot
- S PT 12
- Lot Size
- 61 X 167
- New Financing
- Conventional
- Occupancy
- 100
- Parking Facility
- Asphalt/Blacktop
- Roof
- Shingle/Shake
- Stories
- 2
- Subdivision
- GRAHAM
- Subtype
- Apartment Building
- Tenant Pays
- Some Utilities
- Year Built
- 1965
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Listing courtesy of Crye-Leike Commercial.
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