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$ 579,000
Est. payment /mo
New
661 ST PAUL AVE Memphis, TN 38126
UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Building
Listing Status Active
Purchase Type For Sale
Subdivision Lucy A Tate
MLS Listing ID 10220613
Year Built 1966
Annual Tax Amount $6,084
Property Sub-Type Apartment Building
Property Description
Fully occupied and stable apartment building in South City, footsteps from Downtown! Brings in over $6100 gross monthly, 4 tenants with vouchers and room to increase traditional tenants' leases! All units have central ac and splitters for heat, rear parking lot with alley access, and no major repairs needed! Plenty of development has been completed in the area with more to come. Strong tenant demand being in proximity to multiple universities, medical, entertainment, art and historic districts!
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Baseboard, Electrical, Wall Heat
Cooling Central, Electrial
Flooring Partial Carpet, Vinyl Floor
Equipment Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)
Laundry Connections, Dryer in Unit, Washer in Unit
Exterior
Parking Features Attached, Concrete
Roof Type Built-Up,Shingle/Shake
Building
Story 2
Foundation Slab
Water Gas
Others
Miscellaneous Sidewalks,Security Lighting,Some Landscaping,Chain Fence
Listed by Duane J Kinnard • Tri-Leake Realty