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910 N Hollywood St

Memphis, TN 38108
  • $650,000
  • STATUS: Contingent
  • ON SITE: 19 Days
  • ID#: 10126652
Under Contract
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

Incredible value add opportunity in the heart of Memphis. 2+ acre lot. 16 2-bedroom units. Market rents $850/month or more. Built-in tenant base with a school next to the property. Lots of new construction, Overton Park, Rhodes College, 38104 zip code all within 1 mile radius of the property! Tenant occupied. Do not disturb tenants. Showings/Inspections with accepted contract. 930 unit utilities will not be turned on by seller.

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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: 2022-07-07T00:03:31.27.
www.memphispropertyfinder.com/homes/129987334
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910 N Hollywood St Memphis, TN 38108

  • Price: $650,000
  • Status: Contingent
  • On Site: 19 Days
  • ID#: 10126652
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1948
Built
Neighborhood:
Abercrombie
County:
Shelby
Area:
Vollintine/Northside
Property Description
Incredible value add opportunity in the heart of Memphis. 2+ acre lot. 16 2-bedroom units. Market rents $850/month or more. Built-in tenant base with a school next to the property. Lots of new construction, Overton Park, Rhodes College, 38104 zip code all within 1 mile radius of the property! Tenant occupied. Do not disturb tenants. Showings/Inspections with accepted contract. 930 unit utilities will not be turned on by seller.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 2.322 Acres Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Concrete Heating Systems Gas Hot Water Other (See Remarks) Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 16 3 Bedroom Units 0 Actual Annual Rent 47000 Annual City Tax 2930 Annual County Tax 3713 Annual Operating Expenses 33000 Assumption Other (Call La) Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 163200 Legal Subdivision Name Abercrombie Multifamily Type Apartment Building New Financing Cash OnlyConventionalExchange Operating Expenses InsuranceManagementRepairs/Maintenance Other Units 0 Percent Occupancy 56 Possession At ClosingTenants Rights Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays ElectricGas Type Of Leases MonthlyYear Type Of Units 2 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Revid Property Management, 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: 2022-07-07T00:03:31.27.
 
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All Stars Realty
2857 Shelby Street
Bartlett TN, 38134