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    774 Melrose St

    Memphis, TN 38104
    • $1,800,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 10087186
    UPDATED: 29 min ago
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    This 23 unit building is located in Midtown Memphis! Each unit consist of 1 bed and 1 bath. The total scheduled monthly income is 14325. The exterior has been fully renovated!

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    © 2020 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 Dream Team | Fast Track Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-11-27T09:03:07.03.
    www.midsouthdreamhomes.com/homes/111160724
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    774 Melrose St Memphis, TN 38104

    • Price: $1,800,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 10087186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1956
    Built
    Neighborhood:
    Annesdale
    County:
    Shelby
    Area:
    Central Gardens
    Property Description
    This 23 unit building is located in Midtown Memphis! Each unit consist of 1 bed and 1 bath. The total scheduled monthly income is 14325. The exterior has been fully renovated!
    Exterior Features

    Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 25000 Lot Size 125X200 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

    Interior Features

    Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Improved Sq Ft 13230 Laundry Common Laundry Leaseable Sq Ft 13230

    Property Features

    1 Bedroom Units 23 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 165500 Annual City Tax 3468 Annual County Tax 4395 Annual Insurance Expenses 10000 Annual Land Lease Payment 0 Annual Operating Expenses 34485 Assumption No Assumption Average Annual Utilities 8500 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 179700 Legal Subdivision Name Meacham&Voorheis Lot Number 14-15 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceManagementSome UtilitiesTaxes Other Units 0 Percent Occupancy 82 Possession Tenants Rights Sale Includes Building And Land Source Of Info LeasesRent Roll Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Crye-Leike Commercial.



    © 2020 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 Dream Team | Fast Track Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-11-27T09:03:07.03.
     
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    The Dream Team | Fast Track Realty
    1045 S Yates Rd
    Memphis TN, 38119