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1448 Dellwood Ave

Memphis, TN 38127
  • $2,597,000
  • STATUS: Contingent
  • ON SITE: 193 Days
  • ID#: 10129236
Under Contract
UPDATED: 8 min ago
$2,597,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Major Renovation of 40 units- 2bed/1bath, 3bed/1bath. in a fast-developing area. $36k monthly fully rented. Owner has completed major renovations! New architectural roofs, 40 HVAC units, H2O heaters, resurfaced parking lot, interior renovations, coin operated laundry room. Owner can carry up to a 15 % second mortgage on cash purchase. 5 year roof warranty! 1424 Canfield also included in sale.

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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: 2023-01-31T14:03:23.827.
www.mattsellsmemphis.com/homes/131108451
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1448 Dellwood Ave Memphis, TN 38127

  • Price: $2,597,000
  • Status: Contingent
  • On Site: 193 Days
  • Updated: 8 min ago
  • ID#: 10129236
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Ridgecrest 1ST Add
County:
Shelby
Area:
Frayser/Whitney
Property Description
Major Renovation of 40 units- 2bed/1bath, 3bed/1bath. in a fast-developing area. $36k monthly fully rented. Owner has completed major renovations! New architectural roofs, 40 HVAC units, H2O heaters, resurfaced parking lot, interior renovations, coin operated laundry room. Owner can carry up to a 15 % second mortgage on cash purchase. 5 year roof warranty! 1424 Canfield also included in sale.
Exterior Features

Buildings 6 Construction Brick Foundation Conventional/Crawl Space Land Sq Ft 5891 Lot Size 5892 Sq. Ft Misc Exterior Highway FrontageSidewalksSome LandscapingPartically FencedCeiling Fan(S) Parking Facility Asphalt/BlacktopAttached Roof Composition

Interior Features

Appliances Equipment DishwasherRange/Oven (Built-In)Refrigerator Cooling Systems Central Floors And Ceilings 8 FeetDry WallOther (See Remarks)TileVinyl Floor Heating Systems Central Hot Water ElectricalPublic SewerPublic Water Laundry Common LaundryEquipment Owned

Property Features

1 Bedroom Units 0 2 Bedroom Units 32 3 Bedroom Units 8 Actual Annual Rent 319104 Amenities Leasing OfficeDumpster Annual City Tax 7890 Annual County Tax 9998 Annual Land Lease Payment 0 Assumption No Assumption Average Annual Utilities 11280 Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 398880 Legal Subdivision Name Ridgecrest First Addition Lot Number 27THRU32 Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsuranceSome Utilities Other Units 0 Percent Occupancy 65 Possession At ClosingNegotiableTenants Rights Sale Includes All AppliancesAll EquipmentBuilding And LandBusiness NameSignageSome Furnishing Source Of Info OwnerProjectedRent Roll Tenant Pays All UtilitiesPet DepostSecurity Deposit Type Of Leases Year Type Of Units 2 Br - 1 Bath3 Br - 1 BathUnfurnished

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Ware Jones, Realtors: 901-450-4011.



© 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: 2023-01-31T14:03:23.827.
 
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The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138