706 N Fifth St, Memphis, TN 38107

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List Price
$457,000
MLS#
10231604
Property Type
Multifamily
Lot Size
56X148.5
Status
ACTIVE

Property Description

Price Reduced — Motivated Seller! This 5 unit offers investors an opportunity to acquire a well-positioned property in Memphis’ growing Uptown area. The units are 2BR with central heating and air, plus stove, refrigerator, washer and dryer— The property currently generates $4,255 per month in scheduled rents and is located near the expanding St. Jude campus, positioning the property to benefit from the increased demand for housing in the area. Drive by only please

Additional Information

Actual Annual Rent
51060
Annual City Tax
2472
Annual County Tax
2577
Construction
Brick/Veneer
Foundation
Slab
Hot Water
Electrical
Legal Subdivision
Greenlaw
Lot
218ALLEY
Lot Size
56X148.5
New Financing
Conventional
Occupancy
80
Parking Facility
Concrete
Roof
Shingle/Shake, Tile
Stories
2
Subdivision
GREENLAW
Subtype
Apartment Building
Tenant Pays
Some Utilities
Year Built
1966

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Crye-Leike Commercial.

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