$355,000
$389,900
9.0%For more information regarding the value of a property, please contact us for a free consultation.
1914 ST JAMES RD Memphis, TN 38116
Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Subdivision Garden View Blk E
MLS Listing ID 10128598
Sold Date 08/09/22
Year Built 1968
Annual Tax Amount $4,545
Property Description
Six-Unit apartment building in Whitehaven - these just don't pop up on the market very often! Value-add property; with some further work and leasing efforts, raise the rent of each unit by at least $100-150/door and get this unit performing to where it should be! Potential annual rent of $55,000+. All units central heat/air and tenants pay their own utilities except water, which is owner responsibility (can be billed back with lease renewals/turns). No wholesaler/assignable contracts.
Location
State TN
County Shelby
Area Whitehaven/Southland Mall
Interior
Heating Central, Gas
Cooling Central
Flooring Other (See Remarks)
Laundry Connections
Exterior
Parking Features Asphalt/Blacktop
Roof Type Composition,Pitched
Building
Story 2
Foundation Slab
Water Gas
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Jason D Miller • eXp Realty, LLC