325 GREENLAW Ave, Memphis, TN 38105
- Beds
- 28
- Sqft
- 10,500
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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
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Memphis Area Association of Realtors MLS®#: 10211134 Last checked: …

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