972 Berclair Rd

    Memphis, TN 38122
    • $1,690,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 10024871
    New On Site 4 Days Ago
    UPDATED: 25 min ago
    $1,690,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Apartment Complex consisting of 2 listings: this encompasses 972, 976, 984, and 990 Berclair buildings and the other listing is the 1030 Novarese Building. New roofs on all 5 buildings; new 7" titanium gutters on all buildings, all but 3 occupied, most units have had rehab including new carpet, tile, cabinets etc... Average rent is $516.50 for occupied units and climbing as they are turned! Contract with CSCworks for the laundry room which ends in 2019. SEE PRESENTATION IN MLS DOCS! SkyCop!

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    © 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: 2018-04-21T11:03:44.673.
    www.wallaceteamsellsmemphis.com/homes/82642771

    972 Berclair Rd Memphis, TN 38122

    • Price: $1,690,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 10024871
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Berclair Vista
    County:
    Shelby
    Area:
    Berclair
    Property Description
    Apartment Complex consisting of 2 listings: this encompasses 972, 976, 984, and 990 Berclair buildings and the other listing is the 1030 Novarese Building. New roofs on all 5 buildings; new 7" titanium gutters on all buildings, all but 3 occupied, most units have had rehab including new carpet, tile, cabinets etc... Average rent is $516.50 for occupied units and climbing as they are turned! Contract with CSCworks for the laundry room which ends in 2019. SEE PRESENTATION IN MLS DOCS! SkyCop!
    Exterior Features

    Buildings 5 Construction Brick/Veneer Foundation Other (See Remarks) Lot Size 150X305.3/304.38 Parking Facility Asphalt/Blacktop Roof Other (See Remarks)

    Interior Features

    Cooling Systems Central Floors And Ceilings TilePartial Carpet Heating Systems Central Hot Water Public Water Laundry Common Laundry

    Property Features

    1 Bedroom Units 1 2 Bedroom Units 38 3 Bedroom Units 0 Actual Annual Rent 165828 Annual City Tax 5795 Annual County Tax 7448 Annual Insurance Expenses 8900 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 239400 Legal Subdivision Name Turley Dan Addn To Berclair Vista Lot Number 2 3 And 4 Multifamily Type Apartment Complex New Financing Conventional Operating Expenses ManagementInsuranceSome UtilitiesTaxes Other Units 0 Percent Occupancy 92 Possession At Closing Sale Includes Building And Land Source Of Info Leases Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Crestcore Realty, Llc.



    © 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: 2018-04-21T11:03:44.673.
     
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119