Address
3969 SOUTHLAWN AVE, Memphis, TN
Price
$ 538,000
Property Attributes
  • MLS#10170065
  • TypeMulti-Family
  • CountySHELBY
  • CityMemphis
  • AreaGetwell-Park
  • NeighborhoodSOUTHLAWN COMMERCIAL
  • Zip38111
  • StyleApartment Building
  • Year Built1965
  • Taxes$ 2668
  • Price$ 538,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
Data Source:
Memphis MLS (MAAR)
Property Description

$89k/Unit for this East Memphis 6-Unit! Property is located 2.4 miles from University of Memphis. Fully occupied and bringing in $4,400 per month with a proforma/potential rent of $5,500+. $85k+ in capital improvements in the last 24 months to include: Interior Renovation, New Roof, Perimeter Fence, HVAC, Exterior Lighting, Tree Removal & more. Tenants pay all utilities other than water. DO NOT DISTURB TENANTS. Accepted offer needed before touring.

Price History
4/15/2024 Listed $539,000
5/5/2024 1% - $538,000

General Features

Roof Shingle/Shake
Construction Brick/Veneer
Status Active
Legal Subdivision Name SOUTHLAWN COMMERCIAL
Class Multi-Family
Laundry Y/N Connections
Type Apartment Building
Area 758C
Status Active
OPERATING EXPENSES Some Utilities,Repairs/Maintenance,Taxes
Area Getwell/Park
Service Type Full Service Listing
HEATING SYSTEMS Central
COOLING SYSTEMS Central
Year Built 1965
City Memphis

Interior Features

Hot Water Electrical
Total # of Units 6
# 1 Bedroom Units 2
# 2 Bedroom Units 4
FLOORS/CEILINGS Vinyl Floor

Exterior Features

Foundation Slab
Number of Buildings 1
Lot Size 9474
Parking Facility Asphalt/Blacktop

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 38111

Price
AVG $1.07M
$540K
Taxes
AVG $10,238
$2,668
Visits
AVG 44
52
Data Provided by Inside Real Estate®
Year Built
AVG 1954
1965