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3236 Millington Rd

Memphis, TN 38127
  • $5,700,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 10136726
UPDATED: 33 min ago
$5,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

Immediate CASH FLOW, turn-key, APARMENT COMPLEX, a great investment opportunity. Bayou Square Apartments, comprised of 76 units. Annual Profit is well above 500K. Over 90% occupancy. Incredible ROI and Cap rate. Laundry facility is brand new and a total of 10 buildings. 76 units 16 1/1 and 60 2/1. Newest and nicest in the area, new roof, HVAC, electrical, Plumbing, electric water heater and so much more. Do not miss this opportunity to secure this piece of PRIME commercial real estate.

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© 2022 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: 2022-12-02T00:03:06.56.
www.yournewhomekey.com/homes/134385232
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3236 Millington Rd Memphis, TN 38127

  • Price: $5,700,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 33 min ago
  • MLS #: 10136726
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Crutchfield
County:
Shelby
Area:
Vollintine/Northside
Property Description
Immediate CASH FLOW, turn-key, APARMENT COMPLEX, a great investment opportunity. Bayou Square Apartments, comprised of 76 units. Annual Profit is well above 500K. Over 90% occupancy. Incredible ROI and Cap rate. Laundry facility is brand new and a total of 10 buildings. 76 units 16 1/1 and 60 2/1. Newest and nicest in the area, new roof, HVAC, electrical, Plumbing, electric water heater and so much more. Do not miss this opportunity to secure this piece of PRIME commercial real estate.
Exterior Features

Buildings 10 Construction BrickBrick/Veneer Foundation Slab Lot Size 4.715 Misc Exterior Chain FenceSecurity GateSecurity LightingSidewalks Parking Facility Asphalt/BlacktopSecured Roof Composition

Interior Features

Appliances Equipment Range/Oven (Freestanding)RefrigeratorSmoke Detector(S) Cooling Systems Central Floors And Ceilings Dry WallPartial CarpetTile Heating Systems Central Hot Water Electrical Laundry Common Laundry

Property Features

1 Bedroom Units 16 2 Bedroom Units 60 3 Bedroom Units 0 Amenities Security SystemPet RestrictionsLeasing OfficeDumpster Annual City Tax 29758 Annual County Tax 37841 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Legal Subdivision Name Crutchfield Multifamily Type Apartment Complex New Financing ConventionalFha/VaWrap Operating Expenses InsuranceOn-Site ManagementRepairs/MaintenanceServices Other Units 0 Possession At Closing Sale Includes Building And Land Source Of Info Current RecordsOwner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Bhhs Taliesyn Realty: 901-466-4000.



© 2022 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: 2022-12-02T00:03:06.56.
 
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Your New Home Key | Centric Realty LLC
813 Ridge Lake Blvd
Memphis TN, 38120