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273 Gaston Ave

Memphis, TN 38106
  • $400,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 10113212
UPDATED: 191 min ago
$400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Great investment opportunity near Soulsville on a quiet South Memphis street. There are six total units and all are currently leased out at $500/mo. The owner plans to raise the rent in January . The tenants pay on time and are good long-term tenants.POTENTIAL CAP RATE OF 12-15%. Please do not disturb tenants.

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© 2021 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 | ReMax Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-12-07T00:03:02.437.
www.yournewhomekey.com/homes/123517149
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273 Gaston Ave Memphis, TN 38106

  • Price: $400,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 191 min ago
  • MLS #: 10113212
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Latham Blk B
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Great investment opportunity near Soulsville on a quiet South Memphis street. There are six total units and all are currently leased out at $500/mo. The owner plans to raise the rent in January . The tenants pay on time and are good long-term tenants.POTENTIAL CAP RATE OF 12-15%. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 60X156 Parking Facility AttachedMore Than 1 Per Unit Roof Composition

Interior Features

Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Partial Carpet Heating Systems Gas Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 36000 Annual City Tax 695 Annual County Tax 881 Assumption Other (Call La) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 46800 Legal Subdivision Name Latham Blk B Lot Number Pts 3&4 Multifamily Type Apartment Building New Financing ConventionalCash Only Operating Expenses Some UtilitiesRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building And LandSome Appliances Source Of Info OwnerProjectedRent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 2 Br - 1 Bath

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of The Bailey Company Realty, Inc.



© 2021 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 | ReMax Experts. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-12-07T00:03:02.437.
 
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