Skip To Content

156 Clark Pl

Memphis, TN 38104
  • $850,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: 10140707
UPDATED: 24 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Excellent investor opportunity. 3 rehabbed units are already leased. 4 units are currently being rehabbed on the up-and-up with code involved. Progress is looking good. New roof in 2021. New security gate and hvac systems in 2022. The seller hopes to sell the project now, but progress will continue until completed or sold. Seller has an appraisal available for as-is value. Once finalized, the property should exceed $1.1M. $150K estimated in repairs to finalize.

Monthly Payment Calculator



© 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: 2023-01-31T15:03:10.557.
www.mattsellsmemphis.com/homes/136302571
Print Image

156 Clark Pl Memphis, TN 38104

  • Price: $850,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 24 min ago
  • ID#: 10140707
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Clark
County:
Shelby
Area:
Central Gardens
Property Description
Excellent investor opportunity. 3 rehabbed units are already leased. 4 units are currently being rehabbed on the up-and-up with code involved. Progress is looking good. New roof in 2021. New security gate and hvac systems in 2022. The seller hopes to sell the project now, but progress will continue until completed or sold. Seller has an appraisal available for as-is value. Once finalized, the property should exceed $1.1M. $150K estimated in repairs to finalize.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 75 X 164.3/156 Misc Exterior SidewalksFully FencedSecurity GateCeiling Fan(S) Parking Facility Asphalt/BlacktopEnclosedSecured Roof Composition

Interior Features

Cooling Systems CentralElectrial Floors And Ceilings Vinyl Floor Heating Systems CentralGas Hot Water Electrical Laundry Connections

Property Features

1 Bedroom Units 4 2 Bedroom Units 4 3 Bedroom Units 0 Annual City Tax 3291 Annual County Tax 4186 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Legal Subdivision Name Clark Lot Number 2 Multifamily Type Apartment Building New Financing Conventional Operating Expenses Management Other Units 0 Possession At Closing Sale Includes Building And LandSome Appliances Source Of Info Owner Tenant Pays All UtilitiesTrash Collection Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1+ Baths

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Heritage Homes Co.: 901-755-2000.



© 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: 2023-01-31T15:03:10.557.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10140707-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10140707-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10140707-2.jpg
Logo
The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138