109 Madison Ave

    Memphis, TN 38103
    • $949,900
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 10057739
    UPDATED: 27 min ago
    $949,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Awesome opportunity to purchase this free standing building in the heart of Downtown. Currently being used as an Airbnb on the 2nd & 3rd floor. 1st floor is under a lease for another 11 months. Airbnb income in 2018 was $107,000 and had a very high occupancy rate of 86%. Fantastic turnkey business and building. Airbnb reservations on the books into Jan. 2020. 4 BR 2 BA on the 2nd and 3rd floor. Great for a Live-Work space as well. Elevator on all 4 floors

    Monthly Payment Calculator



    © 2019 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or All Stars Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2019-10-23T09:03:11.46.
    www.memphispropertyfinder.com/homes/97088058

    109 Madison Ave Memphis, TN 38103

    • Price: $949,900
    • Status: Active
    • Updated: 27 min ago
    • ID#: 10057739
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1925
    Built
    Neighborhood:
    Plan Of Memphis
    County:
    Shelby
    Area:
    South Bluffs/Downtown
    Property Description
    Awesome opportunity to purchase this free standing building in the heart of Downtown. Currently being used as an Airbnb on the 2nd & 3rd floor. 1st floor is under a lease for another 11 months. Airbnb income in 2018 was $107,000 and had a very high occupancy rate of 86%. Fantastic turnkey business and building. Airbnb reservations on the books into Jan. 2020. 4 BR 2 BA on the 2nd and 3rd floor. Great for a Live-Work space as well. Elevator on all 4 floors
    Exterior Features

    Buildings 1 Location Free StandingCity Lot Size 25 X 70 Parking Facility Offsite/Street Road Frontage City Street Roof Flat Truck Loading Door Height No Truck Door

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System Central CoolingElectric Cooling220 Wiring Floors Hardwood Foundation Conventional/Crawl SpaceFull Basement Heating System CentralGas Hot Water Gas Hot WaterPublic WaterPublic Sewer Restrooms 3

    Property Features

    Annual City Tax 58 Annual County Tax 75 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available Operating Expense ReportLeases Legal Subdivision Name Plan Of Memphis Lot Number 233 Miscellaneous Security SystemElevator(S)Rest Rooms220 Volt PowerFire SprinklersInside StorageLiving Space Available New Financing Conventional Operating Expense Includes Property InsuranceTaxes/Real EstateRepair & MaintenanceSuppliesUtilitiesJanitorial Service Possession Lease Possession Negotiable Sale Includes Building Only Tenant Pays All Utilities Type Usage Special Purpose

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of 901 Real Estate Services.



    © 2019 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or All Stars Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2019-10-23T09:03:11.46.
     
    All Stars Realty
    2857 Shelby Street
    Bartlett TN, 38134