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2452 Ketchum Cv

Memphis, TN 38115
  • $2,800,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: 10159922
Price Reduced
$2,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

This 65-unit multifamily property is located in SE Memphis. Built in 1965 and was originally a hotel before transitioning into multifamily in the mid-80s. The property is situated in a strategic location near top employers of Memphis such as Memphis International Airport, FedEx, UPS, and Kelloggs, providing a large pool of potential tenants and increased demand for rental properties. It has an exterior brick and concrete block interior, making it sturdy and low maintenance. Price reduction!

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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: 2023-12-08T00:04:05.963.
www.mattsellsmemphis.com/homes/144854422
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2452 Ketchum Cv Memphis, TN 38115

  • Price: $2,800,000
  • Status: Active
  • On Site: 37 Days
  • ID#: 10159922
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Oakhaven/Airport
County:
Shelby
Area:
Airport/Oakhaven
Property Description
This 65-unit multifamily property is located in SE Memphis. Built in 1965 and was originally a hotel before transitioning into multifamily in the mid-80s. The property is situated in a strategic location near top employers of Memphis such as Memphis International Airport, FedEx, UPS, and Kelloggs, providing a large pool of potential tenants and increased demand for rental properties. It has an exterior brick and concrete block interior, making it sturdy and low maintenance. Price reduction!
Exterior Features

Buildings 3 Construction Brick/Veneer Foundation Laundry FacilitySlabStorage Area Land Sq Ft 59677 Lot Size 1.37 Misc Exterior On-Site Commercial SpacePartically FencedProfessional LandscapingSecurity LightingSome LandscapingWood Fence Parking Facility Asphalt/BlacktopAttached Roof Flat

Interior Features

Appliances Equipment Range/Oven (Freestanding)RefrigeratorSmoke Detector(s) Cooling Systems CentralElectrial Floors And Ceilings ConcreteDry WallPartial CarpetTile Heating Systems CentralElectricalGasWall Heat Hot Water ElectricalSeptic Tank Laundry None

Property Features

1 Bedroom Units 56 2 Bedroom Units 8 3 Bedroom Units 0 Actual Annual Rent 0 Amenities Extra StorageLeasing OfficeMaintenance OfficeDumpsterPrivacy Walls/Fences Annual City Tax 10806 Annual County Tax 13560 Annual Operating Expenses 24666 Assumption Must Qualify Average Annual Utilities 4000 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 631680 Legal Subdivision Name Ketchum Cv. Commercial Sub Lot Number 2 Multifamily Type Apartment Complex New Financing ConventionalPrivate Operating Expenses Accounting/LegalInsuranceOn-Site ManagementPayrollRepairs/MaintenanceServicesSome UtilitiesTaxesTrash Collection Other Units 0 Percent Occupancy 12 Possession At ClosingNegotiable Sale Includes Building and LandSome Appliances Source Of Info BrochureFloor PlansNotes/DeedsOwner Tenant Pays All UtilitiesSecurity Deposit Type Of Leases Monthly Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Assured Real Estate Services: 901-590-1527.



© 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: 2023-12-08T00:04:05.963.
 
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The Heart To Home Group at RE/MAX Experts
1779 Kirby Pkwy #3
Memphis TN, 38138