Skip To Content

3945 Macon Rd

Memphis, TN 38122
  • $2,200,000
  • STATUS: Contingent
  • ON SITE: 21 Days
  • ID#: 10126246
Under Contract
UPDATED: 36 min ago
$2,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:
Area:

School Ratings & Info

Description

Rare opportunity for an investor looking to purchase a value-add property in the desirable Berclair community. Significant upside through interior unit renovations, enhancing the common areas and improving operations. Located near the most highly sought-after Grahamwood Elementary School, new commercial development and within minutes from Memphis International Airport, Downtown Memphis, FedEx Forum, AutoZone Park, the famous Beale Street and much, much more! OCCUPANCY RATE INCREASED TO 98.5%.

Monthly Payment Calculator



© 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: 2022-07-05T12:03:28.437.
www.memphispropertyfinder.com/homes/129810615
Print Image

3945 Macon Rd Memphis, TN 38122

  • Price: $2,200,000
  • Status: Contingent
  • On Site: 21 Days
  • Updated: 36 min ago
  • ID#: 10126246
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1975
Built
Neighborhood:
Graham Square Apartments
County:
Shelby
Area:
Kingsbury
Property Description
Rare opportunity for an investor looking to purchase a value-add property in the desirable Berclair community. Significant upside through interior unit renovations, enhancing the common areas and improving operations. Located near the most highly sought-after Grahamwood Elementary School, new commercial development and within minutes from Memphis International Airport, Downtown Memphis, FedEx Forum, AutoZone Park, the famous Beale Street and much, much more! OCCUPANCY RATE INCREASED TO 98.5%.
Exterior Features

Buildings 2 Construction Brick Foundation Slab Land Sq Ft 61898 Lot Size 160 X 387.2 Parking Facility Asphalt/Blacktop Roof Pitched

Interior Features

Cooling Systems Central Floors And Ceilings Partial Carpet Heating Systems Central Hot Water Electrical Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 24 3 Bedroom Units 0 Actual Annual Rent 158400 Annual City Tax 7683 Annual County Tax 9736 Annual Insurance Expenses 11000 Annual Operating Expenses 56627 Assumption Other (Call La) Average Annual Utilities 1392 Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Legal Subdivision Name Graham Square Apts Project Lot Number 4 Multifamily Type Apartment Complex New Financing Other (Call La) Operating Expenses InsuranceManagementOther (Call La)Pest ControlRepairs/MaintenanceServicesSome Utilities Other Units 0 Percent Occupancy 98 Possession At Closing Sale Includes Building And Land Source Of Info Current RecordsOwnerRent Roll Tenant Pays ElectricGas Type Of Leases Year Type Of Units 2 Br - 1+ Baths

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: 2022-07-05T12:03:28.437.
 
https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10126246-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10126246-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10126246-2.jpg
Logo
All Stars Realty
2857 Shelby Street
Bartlett TN, 38134