BEDS1
BATHS
MLS#10217408
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCocke
NEIGHBORHOODSouth Bluffs-Downtown
Property Description
Professionally managed and newly built four unit investment property offering a compelling blend of stability and upside in a fast growing part of Memphis - see for yourself on Google Maps. The property features modern construction and a new roof etc. This building features one 2 bedroom unit and 3 studio apartments. Two units are currently leased for $1925 total, providing immediate income, while two additional units are ready to be marketed at approximately $875/month. Once fully occupied, the property offers strong projected cash flow and attractive returns for investors seeking newer multifamily assets in Memphis.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None, Other (See Remarks)
Heating: Wall Heat
Roof Type: Composition
Year Built: 1958
Feature Descriptions
Days on Site: 1
Floors/ Ceilings: Vinyl Floor
Units: 4
Listed By / Shown By
Listed By
Agency Name: Renshaw Company, REALTORS
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 685.95 per month $606.47 Principal & Interest $0.00 Property Tax (data not provided by mls) $79.48 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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259 Maryland Ave | MLS# 10217408
This multi-family property located at 259 Maryland Ave, Memphis, TN 38126 is currently listed for sale with an asking price of $272,500. Search South Bluffs-downtown real estate on www.crye-leike.com today.