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1297 S Lauderdale Blvd

Memphis, TN 38106
  • $750,000
  • STATUS: Contingent
  • ON SITE: 32 Days
  • ID#: 10128431
Under Contract
UPDATED: 52 min ago
$750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This complex is 34 units, all 2 BR 1 Ba w/ Pitched Roofs, Central A/H & new security gate around the complex. Once stablized & rented annual gross potential rent is $306,000. Willie Mitchell world famous studio is located across the street, a 10 minute drive to Downtown Memphis, 15 mins to the Airport/FedEx World Hub & 5 mins to developing Soulsville. Contact me w/ questions!

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© 2022 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: 2022-08-13T22:03:13.733.
www.memphispropertyfinder.com/homes/130758637
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1297 S Lauderdale Blvd Memphis, TN 38106

  • Price: $750,000
  • Status: Contingent
  • On Site: 32 Days
  • Updated: 52 min ago
  • ID#: 10128431
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Latham & Stewart
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This complex is 34 units, all 2 BR 1 Ba w/ Pitched Roofs, Central A/H & new security gate around the complex. Once stablized & rented annual gross potential rent is $306,000. Willie Mitchell world famous studio is located across the street, a 10 minute drive to Downtown Memphis, 15 mins to the Airport/FedEx World Hub & 5 mins to developing Soulsville. Contact me w/ questions!
Exterior Features

Buildings 3 Construction Brick/Veneer Foundation Slab Lot Size 195/179 X 278.75 IRR / 277 IRR Misc Exterior Fully Fenced Parking Facility Asphalt/BlacktopMore Than 1 Per Unit Roof CompositionPitchedShingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings 8 FeetDry WallHardwood ThroughoutPartial Carpet Heating Systems Central Hot Water Gas Improved Sq Ft 52359 Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 34 3 Bedroom Units 0 Actual Annual Rent 0 Amenities Clubhouse Annual City Tax 1874 Annual County Tax 2375 Assumption No Assumption Contingency Type Cts - Continue To Show Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 30600 Legal Subdivision Name Latham & Stewart Lot Number 11 Multifamily Type Apartment Complex New Financing Cash OnlyConventionalPrivate Operating Expenses Other (Call La) Other Units 0 Percent Occupancy 12 Possession At Closing Sale Includes Building And LandOther (See Remarks) Source Of Info Current RecordsNotes/DeedsOwner Tenant Pays ElectricGasSome Utilities Type Of Leases MonthlyNone Type Of Units 2 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Braden, Braden & Braden Llc.



© 2022 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: 2022-08-13T22:03:13.733.
 
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All Stars Realty
2857 Shelby Street
Bartlett TN, 38134