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1572 Hanauer St

Memphis, TN 38109
  • $700,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 10196313
UPDATED: 47 min ago
$700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

Great opportunity for a new or seasoned investor looking to get into multi-family investing. 8-One BR/1BA & 2-Two BR/1 BA units for a total of 10. Most units have been renovated, 4 from the studs up with mechanical, electric and plumbing. All roofs less than 4 years old. Tenants pay for all utilities, owner pays for water & outside house lights. Great location, 10 minutes to Memphis Airport & FedEx World Hub, 7 Minutes to Downtown Memphis. Showings with accepted PSA

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© 2025 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-17T14:04:38.893.
www.yournewhomekey.com/homes/163538214
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1572 Hanauer St Memphis, TN 38109

  • Price: $700,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 47 min ago
  • ID#: 10196313
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
Hanauer
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Great opportunity for a new or seasoned investor looking to get into multi-family investing. 8-One BR/1BA & 2-Two BR/1 BA units for a total of 10. Most units have been renovated, 4 from the studs up with mechanical, electric and plumbing. All roofs less than 4 years old. Tenants pay for all utilities, owner pays for water & outside house lights. Great location, 10 minutes to Memphis Airport & FedEx World Hub, 7 Minutes to Downtown Memphis. Showings with accepted PSA
Exterior Features

Buildings 3 Construction Brick Foundation Slab Land Sq Ft 28401 Lot Size 150 X 189.5 Parking Facility Gravel Roof Shingle/Shake

Interior Features

Appliances Equipment Smoke Detector(s) Cooling Systems 1 Window Unit per UnitIndividual Cooling Floors And Ceilings TileVinyl Floor Heating Systems Wall Heat Hot Water Gas Improved Sq Ft 5664 Laundry Connections

Property Features

1 Bedroom Units 8 2 Bedroom Units 2 3 Bedroom Units 0 Actual Annual Rent 49800 Annual City Tax 841 Annual County Tax 892 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 84000 Legal Subdivision Name HANAUER Lot Number 24 & N Multifamily Type Apartment Building New Financing Cash OnlyConventional Operating Expenses Other (Call LA) Other Units 0 Percent Occupancy 70 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info Rent Roll Tenant Pays ElectricGasSecurity DepositSome Utilities Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 Bath Zoning RU-3

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Braden, Braden & Braden LLC: 901-881-2070.



© 2025 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-17T14:04:38.893.
 
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