1225 Latham St

    Memphis, TN 38106
    • $159,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 10018652
    UPDATED: 63 min ago
    $159,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This 19 unit value add opportunity is located just minutes south of Booming Downtown Memphis. The units are all 1 bedroom . The scheduled monthly rents are $4800 per month.

    Monthly Payment Calculator



    © 2018 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2018-02-18T12:03:35.417.
    www.wallaceteamsellsmemphis.com/homes/80065936

    1225 Latham St Memphis, TN 38106

    • Price: $159,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 10018652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    Neighborhood:
    Latham & Simpson
    County:
    Shelby
    Area:
    South Memphis/61 Hwy
    Property Description
    This 19 unit value add opportunity is located just minutes south of Booming Downtown Memphis. The units are all 1 bedroom . The scheduled monthly rents are $4800 per month.
    Exterior Features

    Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 33280 Lot Size 112.9/162.7 X 245.7/236.4IRR Parking Facility Asphalt/Blacktop Roof Shingle/ShakePitched

    Interior Features

    Appliances Equipment Other (See Remarks) Cooling Systems None Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Gas Improved Sq Ft 9530 Laundry None Leaseable Sq Ft 9530

    Property Features

    1 Bedroom Units 19 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 44532 Annual City Tax 1360 Annual County Tax 1748 Annual Insurance Expenses 3995 Annual Operating Expenses 25364 Assumption No Assumption Average Annual Utilities 5828 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 59376 Legal Subdivision Name Latham & Simpson Lot Number S9 And6058 Multifamily Type Flat/Garden Units New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 31 Possession Tenants Rights Sale Includes Building And Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Crye-Leike Commercial.



    © 2018 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2018-02-18T12:03:35.417.
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119