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1711 Pendleton St

Memphis, TN 38114
  • $1,950,000
  • STATUS: Active
  • ON SITE: 81 Days
  • ID#: 10156756
UPDATED: 130 min ago
$1,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Orange Mound
Type:
Multi-Family
Built:
1963
County:
Shelby
Area:
Pendleton/Park

School Ratings & Info

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Description

Rare opportunity for a value-add complex, just 10 minutes to FedEx & Memphis Airport, 10 Minutes to Downtown, Memphis 5 Minutes to U of M, and centrally located. Nearby schools, access to Expressway 78 units. Scheduled Gross Rental Income is $833,000. Owner willing to seller finance. 6 Units currently occupied w/ average rent of $375/mo.

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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/143417828
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1711 Pendleton St Memphis, TN 38114

  • Price: $1,950,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 130 min ago
  • ID#: 10156756
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Orange Mound
County:
Shelby
Area:
Pendleton/Park
Property Description
Rare opportunity for a value-add complex, just 10 minutes to FedEx & Memphis Airport, 10 Minutes to Downtown, Memphis 5 Minutes to U of M, and centrally located. Nearby schools, access to Expressway 78 units. Scheduled Gross Rental Income is $833,000. Owner willing to seller finance. 6 Units currently occupied w/ average rent of $375/mo.
Exterior Features

Buildings 2 Construction Brick/Veneer Foundation Other (See Remarks) Land Sq Ft 115652 Lot Size 2.66 Misc Exterior Other (See Remarks) Parking Facility Asphalt/Blacktop Roof PitchedShingle/Shake

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Other (See Remarks) Heating Systems Other (See Remarks) Hot Water Other (See Remarks) Improved Sq Ft 54124 Laundry None

Property Features

1 Bedroom Units 22 2 Bedroom Units 55 3 Bedroom Units 1 Annual City Tax 13206 Annual County Tax 16570 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks)Private/Owner Gross Potential Annual Rent 832800 Legal Subdivision Name 1 Multifamily Type Apartment Complex New Financing Cash OnlyConventionalExchangeOwner MortgagePrivate Operating Expenses Other (Call La) Other Units 0 Possession At Closing Sale Includes Building And Land Source Of Info OwnerProjected Tenant Pays ElectricGasSome Utilities Type Of Leases None Type Of Units 1 Br - 1 Bath2 Br - 1 Bath3 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Braden, Braden & Braden Llc: 901-881-2070.



© 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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1779 Kirby Pkwy #3
Memphis TN, 38138