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  • - Multi-Family For Sale

Listed By

Jeffrey Moore, MMDC

6525 Quail Hollow Road

Memphis, TN 38120

Cell : (901) 277-0477

Office: (901) 758-5670

jeff.moore@crye-leike.com

Hi, I'm the listing agent for this property. Contact me if you have any questions about it.

Description for 1391 Court Ave MLS# 10016487

This 125 units portfolio consists of 6 buildings. The units are all 1 bedroom. The scheduled monthly rents $49,760.

General Features

  • Property For
    Sale
  • Listing Type
    MultiFamily
  • Style
    Apartment Building
  • County
    Shelby
  • Subdivision
    Madison Hgts Blk 8
  • Approx. Lot Size
    150 X 208.25
  • Price
    $4,100,000
  • MLS #
    10016487

Additional Details

CONSTRUCTION
Brick/Veneer
COOLING SYSTEMS
1 Window Unit per Unit
FOUNDATION
Slab
Gross Potential Annl Rent
597180
HEATING SYSTEMS
Wall Heat
Improved Sq Ft
71902
Leaseable Sq Ft
71902
Num Efficiencyor Studio Units
0
Num of Buildings
6
Num Other Units
0
Num1 Bedroom Units
125
Num2 Bedroom Units
0
Num3 Bedroom Units
0
Parcel ID
017015 00005C
PARKING FACILTIY
Asphalt/Blacktop
Short Sale
No
SOURCE OF INFO
Owner
Total Numof Units
125
TYPE UNITS
1 BR - 1 Bath
Actual Annual Rent
581264
Annual City Tax
2785
Annual County Tax
3580
Annual Insurance Expenses
48000
Average Annual Utilities
37800
OPERATING EXPENSES
Some Utilities
TENANT PAYS
Some Utilities
FLOORS or CEILINGS
Vinyl Floor,Partial Carpet
LAUNDRY
Common Laundry
ROOF
Composition

Lot

Land Sq Ft
71902
Lot Num
2 E PT 3
HOT WATER
Electrical

Sold Properties Nearby

Listed By

Jeffrey Moore, MMDC

6525 Quail Hollow Road

Memphis, TN 38120

Cell : (901) 277-0477

Office: (901) 758-5670

jeff.moore@crye-leike.com

Hi, I'm the listing agent for this property. Contact me if you have any questions about it.

Market Research


 

Memphis Multi-Family Values

Average List Price:
$180,246
Average Price per SQFT:
(N/A)
Average Days on Market:
196
Number of Properties for Sale:
2,193
Vs.

This Property

List Price:
$4,100,000
Approx. Price per SQFT:
N/A
Days on Website:
47(Dec 01, 2017)

Pricing Considerations

List Price:
$4,100,000
Annual City Tax:
2785
Annual County Tax:
3580

Listed By

Jeffrey Moore, MMDC

6525 Quail Hollow Road

Memphis, TN 38120

Cell : (901) 277-0477

Office: (901) 758-5670

jeff.moore@crye-leike.com

Hi, I'm the listing agent for this property. Contact me if you have any questions about it.