3062 Park Ave, Memphis, TN 38111

$325,000
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List Price
$325,000
MLS#
10231873
Property Type
Multifamily
Lot Size
50X164
Status
ACTIVE
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Property Description

Excellent investment opportunity with this 4 plex that is 100% occupied with extremely low turnover. All units have central HVAC. Sewer line, water line, and two of the four water heaters have been replaced in the last two years. 1 two bed/1 bath unit downstairs, and 2 1 bed/1 bath units upstairs. Rents are $3,100/month. Owner pays for water. Owner agent.

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Additional Information

Actual Annual Rent
37200
Annual City Tax
2055
Annual County Tax
2142
Construction
Wood/Composition
Foundation
Conventional/Crawl Space
Hot Water
Gas
Legal Subdivision
Park Ave Terrace
Lot
N PT 6
Lot Size
50X164
New Financing
Conventional
Occupancy
100
Parking Facility
Attached, Concrete
Roof
Composition
Stories
2
Subdivision
PARK AVE TERRACE
Subtype
Converted House
Tenant Pays
Electric, Gas, Heating, Some Utilities, Trash Collection
Year Built
1940
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Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of CrestCore Realty MphsBrokerage.

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