325 GREENLAW Ave, Memphis, TN 38105

Beds
28
Sqft
10,500

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Listed byRealty International, Inc.
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Overview

$735,000 Assumable first position! 14 Unit complex in the heart of the medical district is a great addition to any buyers portfolio! 13/14 units are currently occupied bringing in $11,431/Month. All units are 2BR/1BA's. Over $250,000 of upgrades have been put into the complex over the last three years. Notably, a brand new roof 2 years ago and additional exterior & interior rehabs. Value-add potential exists because some rents are currently below market, rent roll of $15,500+/month once all units are renovated. Fantastic location on the corner of Greenlaw & 7th St. Minutes from downtown St. Jude Hospital, which is in the process of a 6yr 12.9 BILLION dollar expansion. Located in a high-growth corridor including new retail such as Chick-fil-A, this property is uniquely positioned to attract quality tenants and achieve full market rents. Current rent roll and T12 financials available for qualified buyers.Seller is open to holding a 2nd lien on anything over $1m for qualified offer.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
28
Square feet
10,500
Year built
1968

Utilities

Heating
Central
Cooling
Central Air

Taxes

Tax Annual Amount
$5,564

Public schools

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Sourced from: Memphis Area Association of Realtors MLS®#: 10211134 Last checked:

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