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1329 Mcmillan St

Memphis, TN 38106
  • $459,000
  • STATUS: Pending
  • ON SITE: 39 Days
  • ID#: 10159438
Pending
UPDATED: 98 min ago
$459,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

This 10 unit value add opportunity is located just minutes south of Booming Downtown Memphis. The units are all 2br. The scheduled monthly income is 3815/mo. Rents are under market due to long term ownership. Drive by only. Please do not disturb residents. Also available is a 14 unit located at 1350 Willie Mitchell

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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: 2023-12-03T00:03:08.547.
www.mattsellsmemphis.com/homes/144652523
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1329 Mcmillan St Memphis, TN 38106

  • Price: $459,000
  • Status: Pending
  • On Site: 39 Days
  • Updated: 98 min ago
  • ID#: 10159438
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Hanauer
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
This 10 unit value add opportunity is located just minutes south of Booming Downtown Memphis. The units are all 2br. The scheduled monthly income is 3815/mo. Rents are under market due to long term ownership. Drive by only. Please do not disturb residents. Also available is a 14 unit located at 1350 Willie Mitchell
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 15202 Lot Size 78 x 195 / 0.34 acre Parking Facility Asphalt/Blacktop Roof Composition

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Improved Sq Ft 6240 Laundry None Leaseable Sq Ft 6240

Property Features

1 Bedroom Units 0 2 Bedroom Units 10 3 Bedroom Units 0 Annual City Tax 602 Annual County Tax 755 Annual Insurance Expenses 4092 Assumption No Assumption Average Annual Utilities 420 Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 45000 Legal Subdivision Name Hanauer 3rd Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/Maintenance Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 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: 2023-12-03T00:03:08.547.
 
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The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138