283 N Bellevue St

    Memphis, TN 38105
    • $195,000
    • STATUS: Contingent
    • ON SITE: 8 days
    • ID#: 10024662
    Under Contract
    UPDATED: 163 min ago
    $195,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    Description

    With $4,180 per month of income the is investment is being offered at a 18% CAP rate. Fully-occupied efficiency building near the amazing Sears Crosstown Redevelopment. Perfect set-up for a passive investor. Streamlined maintenance requests with the help of the On-site manager. This building has 9 fully-furnished individual living areas with 4 common area restrooms and 1 huge kitchen.

    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: 2018-04-22T00:03:57.457.
    www.wallaceteamsellsmemphis.com/homes/82559245

    283 N Bellevue St Memphis, TN 38105

    • Price: $195,000
    • Status: Contingent
    • Updated: 163 min ago
    • ID#: 10024662
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1912
    Built
    Neighborhood:
    Wilkerson
    County:
    Shelby
    Area:
    Overton Park
    Property Description
    With $4,180 per month of income the is investment is being offered at a 18% CAP rate. Fully-occupied efficiency building near the amazing Sears Crosstown Redevelopment. Perfect set-up for a passive investor. Streamlined maintenance requests with the help of the On-site manager. This building has 9 fully-furnished individual living areas with 4 common area restrooms and 1 huge kitchen.
    Exterior Features

    Buildings 1 Construction BrickStorm Window(S) Foundation Conventional/Crawl SpacePartial BasementUnfinished BasementStorage Area Land Sq Ft 8973 Lot Size 50 X 180 Misc Exterior Curbs/GuttersSidewalksSecurity LightingSome LandscapingFully FencedLimted AccessCeiling Fan(S) Parking Facility Asphalt/BlacktopOffsite/StreetSecured1 Per Unit Roof Shingle/ShakePitched

    Interior Features

    Appliances Equipment RefrigeratorRange/Oven (Freestanding)Microwave Cooling Systems Central Floors And Ceilings Hardwood ThroughoutTile Heating Systems Central Hot Water Gas Laundry None Leaseable Sq Ft 4244

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 52600 Amenities Cable T.V.Balcony/PatioSecurity SystemDumpster Annual City Tax 2508 Annual County Tax 3223 Annual Insurance Expenses 2160 Annual Misc Income 1200 Annual Operating Expenses 22436 Assumption No Assumption Average Annual Utilities 700 Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 9 Existing Financing Conventional Fixed Gross Potential Annual Rent 52600 Legal Subdivision Name Wilkerson Lot Number 10 Multifamily Type Other (See Remarks) New Financing Cash OnlyOther (Call La) Operating Expenses On-Site ManagementInsuranceAll UtilitiesTrash CollectionRepairs/MaintenancePest ControlTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building And LandSome FurnishingSome EquipmentSome Appliances Source Of Info OwnerCurrent RecordsLeasesRent RollP/L Statement Tenant Pays Security Deposit Type Of Leases Monthly Type Of Units Efficiency/Studio4 Or More BedroomsFurnished Zoning R-3

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Metropolis Real Estate Service.



    © 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: 2018-04-22T00:03:57.457.
     
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119