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1025 S Wellington St

Memphis, TN 38126
  • $349,000
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: 10158600
$349,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Washington Heights Blk 7
Type:
Multi-Family
Built:
1968
County:
Shelby
Area:
South Bluffs/Downtown

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Description

Conveniently located near downtown, this 5 unit apartment complex is partially renovated and looking for a new owner. Boasting 2 occupied units, 3 vacant and move in ready units and new paint, this could be the investment opportunity you've been looking for!

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© 2023 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 The Heart To Home Group at RE/MAX Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-12-08T00:04:05.963.
www.mattsellsmemphis.com/homes/144298647
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1025 S Wellington St Memphis, TN 38126

  • Price: $349,000
  • Status: Active
  • On Site: 57 Days
  • ID#: 10158600
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Washington Heights Blk 7
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Conveniently located near downtown, this 5 unit apartment complex is partially renovated and looking for a new owner. Boasting 2 occupied units, 3 vacant and move in ready units and new paint, this could be the investment opportunity you've been looking for!
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 65 X 200 Parking Facility Gravel Roof Composition

Interior Features

Cooling Systems 2+ Window Units per Unit Floors And Ceilings Wood Laminate Floors Heating Systems Wall Heat Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 5 3 Bedroom Units 0 Actual Annual Rent 13800 Annual City Tax 548 Annual County Tax 687 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 42000 Legal Subdivision Name WASHI GTON HEIGHTS BLK 7 Lot Number 3 & PT 4 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 40 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Sowell, Realtors: 901-278-4380.



© 2023 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 The Heart To Home Group at RE/MAX Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-12-08T00:04:05.963.
 
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The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138