1161 Poplar Ave

    Memphis, TN 38105
    • $2,800,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 10060537
    UPDATED: 39 min ago
    $2,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Proud to announce this 40 unit complex, located in the midtown/medical district area! The sellers have taken such wonderful care of this property, which is hard to find these days. When they purchased this complex, they had to put a lot of hard work and efforts into this property, to turn it into what it is today, which is an investors dream! Professionally managed by a family team that cares and the rehab work was done right! Brand new sewage system, 30 units have been rehabbed! Cameras onsite

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    © 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: 2019-11-17T10:03:10.12.
    www.memphispropertyfinder.com/homes/98316491

    1161 Poplar Ave Memphis, TN 38105

    • Price: $2,800,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 10060537
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1951
    Built
    Neighborhood:
    Mosby
    County:
    Shelby
    Area:
    Central Gardens
    Property Description
    Proud to announce this 40 unit complex, located in the midtown/medical district area! The sellers have taken such wonderful care of this property, which is hard to find these days. When they purchased this complex, they had to put a lot of hard work and efforts into this property, to turn it into what it is today, which is an investors dream! Professionally managed by a family team that cares and the rehab work was done right! Brand new sewage system, 30 units have been rehabbed! Cameras onsite
    Exterior Features

    Buildings 6 Construction Brick Foundation Storage AreaLaundry Facility Lot Size 3.4155AC Misc Exterior Highway FrontageCurbs/GuttersSidewalksPole SignSecurity LightingProfessional LandscapingFully FencedCeiling Fan(S) Parking Facility Asphalt/BlacktopSecured Roof CompositionShingle/Shake

    Interior Features

    Appliances Equipment RefrigeratorRange/Oven (Freestanding)Smoke Detector(S) Cooling Systems Central Floors And Ceilings TileVinyl FloorDry Wall Heating Systems Central Hot Water Public WaterPublic Sewer Laundry Common LaundryEquipment Owned

    Property Features

    1 Bedroom Units 28 2 Bedroom Units 12 3 Bedroom Units 0 Actual Annual Rent 300000 Amenities Security SystemB-B-Q Pit/AreaLeasing OfficeMaintenance OfficeDumpster Annual City Tax 12009 Annual County Tax 15435 Annual Insurance Expenses 14500 Annual Misc Income 3600 Assumption No Assumption Average Annual Utilities 14000 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 375000 Legal Subdivision Name Mosbys Bellview Place Lot Number 4 5 And 10 Multifamily Type Apartment Complex New Financing ConventionalExchangePrivate Operating Expenses InsuranceSome UtilitiesTaxesOther (Call La) Other Units 0 Percent Occupancy 95 Possession At ClosingTenants Rights Sale Includes Building And LandAll EquipmentAll AppliancesSignage Source Of Info ProjectedLeasesRent RollP/L Statement Tenant Pays Some UtilitiesHeatingGasElectricCable TvCoolingSecurity Deposit Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of The Stamps Real Estate Company.



    © 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: 2019-11-17T10:03:10.12.
     
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