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1199 Latham Ave , #2

Memphis, TN 38106
  • $239,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: 10138214
Price Reduced
UPDATED: 60 min ago
$239,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Completely renovated (finishing renovations by late-March) and fully rented 4 unit Brick Building on fenced lot with off street tenant parking area. Three of the four units are 1 BR, 1 BA and rent for 600/ per unit. The 4th unit is a 2 BR, 1 BA 800/mo. Tenant pd Separate utilities. $2600/ per month rental income. Approx 1 mile to Downtown Memphis. All appliances incl. Can be combined with 1235 Latham (MLS#10138184; also a 4 unit) for an additional price. Owner/ Agent.

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© 2023 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 The Home Gurus, PLLC of Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-03-27T09:03:18.337.
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1199 Latham Ave , #2 Memphis, TN 38106

  • Price: $239,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 60 min ago
  • ID#: 10138214
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Latham & Simpson
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Completely renovated (finishing renovations by late-March) and fully rented 4 unit Brick Building on fenced lot with off street tenant parking area. Three of the four units are 1 BR, 1 BA and rent for 600/ per unit. The 4th unit is a 2 BR, 1 BA 800/mo. Tenant pd Separate utilities. $2600/ per month rental income. Approx 1 mile to Downtown Memphis. All appliances incl. Can be combined with 1235 Latham (MLS#10138184; also a 4 unit) for an additional price. Owner/ Agent.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 70.3/62 X 130 Parking Facility Enclosed Roof Shingle/Shake

Interior Features

Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Laundry None

Property Features

1 Bedroom Units 3 2 Bedroom Units 1 3 Bedroom Units 0 Actual Annual Rent 28800 Annual City Tax 467 Annual County Tax 593 Annual Insurance Expenses 3000 Annual Misc Income 0 Assumption No Assumption Average Annual Utilities 0 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Private/Owner Gross Potential Annual Rent 28800 Legal Subdivision Name Latham & Simpson Lot Number Pt 50&56 Multifamily Type Apartment Building New Financing Cash OnlyConventional Operating Expenses InsuranceManagementPest ControlRepairs/Maintenance Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes All Appliances Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Best Real Estate Company: 901-407-2177.



© 2023 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 The Home Gurus, PLLC of Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-03-27T09:03:18.337.
 
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The Home Gurus, PLLC of Keller Williams Realty
930 South White Station
Memphis TN, 38117