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  • - Multi-Family (Under Contract)

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 957 Wellington St S MLS# 10070690

This 6 unit building has been completely renovated. The units are all 2 bedroom. Improvements include new roof, new electrical, new plumbing, and new windows and floors! The scheduled monthly rents are 4245 a month.

General Features

  • Property For
    Sale
  • Listing Type
    MultiFamily
  • Style
    Apartment Building
  • County
    Shelby
  • Subdivision
    Graham
  • Approx. Lot Size
    61 X 167
  • Price
    $399,000

Additional Details

CONSTRUCTION
Brick/Veneer
COOLING SYSTEMS
1 Window Unit per Unit
FOUNDATION
Slab
Gross Potential Annl Rent
50945
HEATING SYSTEMS
Central
Improved Sq Ft
4212
Leaseable Sq Ft
4212
Num Efficiencyor Studio Units
0
Num of Buildings
1
Num Other Units
0
Num1 Bedroom Units
0
Num2 Bedroom Units
6
Num3 Bedroom Units
0
Parcel ID
013043 00014
PARKING FACILTIY
Asphalt/Blacktop
Short Sale
No
SOURCE OF INFO
Current Records,Leases,Rent Roll
Total Numof Units
6
TYPE UNITS
2 BR - 1 Bath
Actual Annual Rent
49500
Annual City Tax
1074
Annual County Tax
1381
Annual Insurance Expenses
3516
Average Annual Utilities
1032
OPERATING EXPENSES
Insurance,Some Utilities,Repairs/Maintenance,Taxes
TENANT PAYS
Some Utilities
FLOORS or CEILINGS
Vinyl Floor
LAUNDRY
Connections
ROOF
Shingle/Shake

Lot

Land Sq Ft
10187
Lot Num
S PT 12
HOT WATER
Electrical

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:
$380,081
Average Sold Price:
$168,588
Average Price per SQFT:
$55
Average Days on Market:
153
Number of Properties for Sale:
37,279
Vs.

This Property

List Price:
$399,000
Approx. Price per SQFT:
N/A
Days on Website:
56 (Feb 10, 2020)

Pricing Considerations

List Price:
$399,000
Annual City Tax:
1074
Annual County Tax:
1381

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.