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1448 Dellwood Ave

Memphis, TN 38127
  • $2,690,000
  • STATUS: Active
  • ON SITE: 127 Days
  • ID#: 10129236
Price Reduced
$2,690,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Major Renovations recently completed!! Electric/gas inspections passed, Current rent roll is $19k, leasing up 7 more renovated will put rent roll at approximately $25k. Fully rented potential is approx. $36k a month.Excellent Opportunity to own this 40-unit complex in a fast-developing area. Owner has done all the heavy lifting. Over $750k in renovations/upgrades. New architectural roofs, 40 HVAC units,H2O heaters, resurfaced parking lot, new coin operated laundry.1424 Canfield included in sale

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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 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: 2022-11-26T00:02:58.507.
midsouth.yourhomegurus.com/homes/131108451
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1448 Dellwood Ave Memphis, TN 38127

  • Price: $2,690,000
  • Status: Active
  • On Site: 127 Days
  • ID#: 10129236
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Ridgecrest 1ST Add
County:
Shelby
Area:
Frayser/Whitney
Property Description
Major Renovations recently completed!! Electric/gas inspections passed, Current rent roll is $19k, leasing up 7 more renovated will put rent roll at approximately $25k. Fully rented potential is approx. $36k a month.Excellent Opportunity to own this 40-unit complex in a fast-developing area. Owner has done all the heavy lifting. Over $750k in renovations/upgrades. New architectural roofs, 40 HVAC units,H2O heaters, resurfaced parking lot, new coin operated laundry.1424 Canfield included in sale
Exterior Features

Buildings 6 Construction Brick Foundation Conventional/Crawl Space Land Sq Ft 5891 Lot Size 5892 Sq. Ft Misc Exterior Highway FrontageSidewalksSome LandscapingPartically FencedCeiling Fan(S) Parking Facility Asphalt/BlacktopAttached Roof Composition

Interior Features

Appliances Equipment RefrigeratorRange/Oven (Built-In)Dishwasher Cooling Systems Central Floors And Ceilings TileVinyl FloorDry Wall8 FeetOther (See Remarks) Heating Systems Central Hot Water ElectricalPublic SewerPublic Water Laundry Common LaundryEquipment Owned

Property Features

1 Bedroom Units 0 2 Bedroom Units 32 3 Bedroom Units 8 Actual Annual Rent 319104 Amenities Leasing OfficeDumpster Annual City Tax 7890 Annual County Tax 9998 Annual Land Lease Payment 0 Assumption No Assumption Average Annual Utilities 11280 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 398880 Legal Subdivision Name Ridgecrest First Addition Lot Number 27THRU32 Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsuranceSome Utilities Other Units 0 Percent Occupancy 65 Possession At ClosingNegotiableTenants Rights Sale Includes Building And LandSome FurnishingAll EquipmentAll AppliancesSignageBusiness Name Source Of Info OwnerProjectedRent Roll Tenant Pays All UtilitiesSecurity DepositPet Depost Type Of Leases Year Type Of Units 2 Br - 1 Bath3 Br - 1 BathUnfurnished

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Ware Jones, Realtors: 901-450-4011.



© 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 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: 2022-11-26T00:02:58.507.
 
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The Home Gurus, PLLC of Keller Williams Realty
930 South White Station
Memphis TN, 38117