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4651 Royal Ridge Dr

Memphis, TN 38128
  • $950,000
  • STATUS: Active
  • ON SITE: 154 Days
  • MLS #: 10157388
UPDATED: 28 min ago
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Description

Stabilized 19 unit with tons of upside. Over $20k in interior capitalizations in 2023. Nice mix of 1/1 units and 2/1 townhome units. Close to Nike & Amazon in safe, quiet neighborhood. Monthly rent $9,885, potential $13,900. Purpose built as a 20 unit; can easily be turned back for more units/income.

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© 2024 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: 2024-02-25T07:03:17.327.
www.yournewhomekey.com/homes/143669564
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4651 Royal Ridge Dr Memphis, TN 38128

  • Price: $950,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 28 min ago
  • MLS #: 10157388
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1975
Built
Neighborhood:
Royal Ridge
County:
Shelby
Area:
Egypt Central
Property Description
Stabilized 19 unit with tons of upside. Over $20k in interior capitalizations in 2023. Nice mix of 1/1 units and 2/1 townhome units. Close to Nike & Amazon in safe, quiet neighborhood. Monthly rent $9,885, potential $13,900. Purpose built as a 20 unit; can easily be turned back for more units/income.
Exterior Features

Buildings 1 Construction Vinyl Siding Foundation Laundry FacilitySlabStorage Area Land Sq Ft 69957 Lot Size 1.6 ACRES Misc Exterior Professional LandscapingWood FencePartically Fenced Parking Facility Asphalt/BlacktopMore Than 1 Per Unit Roof Composition

Interior Features

Appliances Equipment Range/Oven (Freestanding)Refrigerator Cooling Systems CentralElectrialIndividual Cooling Floors And Ceilings 8 FeetDry WallPartial CarpetWood Laminate Floors Heating Systems CentralElectricalIndividual Systems Hot Water ElectricalPublic SewerPublic Water Improved Sq Ft 9632 Laundry Connections Leaseable Sq Ft 9632

Property Features

1 Bedroom Units 14 2 Bedroom Units 5 3 Bedroom Units 0 Actual Annual Rent 118620 Annual City Tax 2684 Annual County Tax 3368 Annual Insurance Expenses 7304 Assumption No Assumption Average Annual Utilities 7680 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 174480 Legal Subdivision Name ROYAL RIDGE Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceManagementRepairs/MaintenanceSome UtilitiesTaxesTrash Collection Other Units 0 Possession At Closing Sale Includes All AppliancesBuilding and Land Source Of Info BrochureLeasesOwnerP/L StatementRent Roll Tenant Pays ElectricGasSecurity Deposit Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 Bath2 BR - 1+ BathsFurnished

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Prime Real Estate Group: 509-220-0128.



© 2024 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: 2024-02-25T07:03:17.327.
 
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Your New Home Key | Centric Realty LLC
813 Ridge Lake Blvd
Memphis TN, 38120