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1253 Cannon St

Memphis, TN 38106
  • $210,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 10160927
UPDATED: 149 min ago
$210,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

Great addition to investor portfolio. Converted triplex is currently renting as rooming house with 12 bedrooms that share common spaces, 3 kitchens, and 4 bathrooms. Downstairs fully occupied by long-term tenants. Three bedrooms upstairs vacant with kitchen and bathroom, can be rented as three or one unit. $3000/monthly current cashflow, potential $5500/monthly with upstairs unit(s). Call listing agent for more info. *Do not disturb tenants. No showings without accepted offer.

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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: 2023-12-06T00:03:18.707.
www.mattsellsmemphis.com/homes/145256099
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1253 Cannon St Memphis, TN 38106

  • Price: $210,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 149 min ago
  • ID#: 10160927
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
Wilson
County:
Shelby
Area:
South Memphis/Glenview
Property Description
Great addition to investor portfolio. Converted triplex is currently renting as rooming house with 12 bedrooms that share common spaces, 3 kitchens, and 4 bathrooms. Downstairs fully occupied by long-term tenants. Three bedrooms upstairs vacant with kitchen and bathroom, can be rented as three or one unit. $3000/monthly current cashflow, potential $5500/monthly with upstairs unit(s). Call listing agent for more info. *Do not disturb tenants. No showings without accepted offer.
Exterior Features

Buildings 1 Construction Brick Foundation Conventional/Crawl Space Lot Size 50 X 150 Parking Facility Offsite/Street Roof Composition

Interior Features

Cooling Systems 1 Window Unit per UnitCentral Floors And Ceilings Hardwood ThroughoutWood Laminate Floors Heating Systems Central Hot Water Public Water Laundry Dryer in UnitWasher in Unit

Property Features

1 Bedroom Units 12 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 309 Annual County Tax 388 Assumption Other (Call LA) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name WILSON Lot Number 20 Multifamily Type Converted House New Financing Cash Only Operating Expenses All UtilitiesPest ControlRepairs/MaintenanceTaxes Other Units 0 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Other (Call LA) Type Of Leases None Type Of Units Furnished

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Kaizen Realty, Llc: 901-221-4041.



© 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: 2023-12-06T00:03:18.707.
 
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The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138