Skip To Content

1917 Farrington Ave

Memphis, TN 38109
  • $2,010,000
  • STATUS: Active
  • ON SITE: 50 Days
  • ID#: 10141441
UPDATED: 32 min ago
$2,010,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Back on market. Buyer unable to obtain financing in a timely manner. Multiple Rental Properties for sale! Large, rehabbed portfolio--- Asking price is for 25 doors (7 duplexes, 1 triplex, & 8 single family homes). Monthly rent is $22,674 (gross) or $272,088 per year. Most properties have guaranteed section 8 rent in place & have been recently renovated. Owner self manages but has leases & ledgers. Can be bought individually or in bulk (seller prefers bulk sale).

Monthly Payment Calculator



© 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.
midsouth.yourhomegurus.com/homes/136704259
Print Image

1917 Farrington Ave Memphis, TN 38109

  • Price: $2,010,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 32 min ago
  • ID#: 10141441
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Arcadian Hills
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Back on market. Buyer unable to obtain financing in a timely manner. Multiple Rental Properties for sale! Large, rehabbed portfolio--- Asking price is for 25 doors (7 duplexes, 1 triplex, & 8 single family homes). Monthly rent is $22,674 (gross) or $272,088 per year. Most properties have guaranteed section 8 rent in place & have been recently renovated. Owner self manages but has leases & ledgers. Can be bought individually or in bulk (seller prefers bulk sale).
Exterior Features

Buildings 17 Construction BrickWood/Composition Foundation Conventional/Crawl SpaceSlab Lot Size 75X108 Misc Exterior Sidewalks Parking Facility Detached Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Partial CarpetTile Heating Systems Central Hot Water Electrical Laundry Connections

Property Features

1 Bedroom Units 25 2 Bedroom Units 0 3 Bedroom Units 0 Amenities Other (See Remarks) Annual City Tax 81 Annual County Tax 104 Assumption Other (Call La) Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional AdjustableConventional Fixed Legal Subdivision Name Arcadian Hill Lot Number 352-354 Multifamily Type Other (See Remarks) New Financing Conventional Operating Expenses Taxes Other Units 0 Possession At Closing Sale Includes Building And LandSome EquipmentSome Furnishing Source Of Info LeasesOwner Tenant Pays ElectricGasSome Utilities Type Of Leases Year Type Of Units 3 Br - 1+ Baths

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., Realtors: 901-756-8900.



© 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.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10141441-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10141441-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10141441-2.jpg
Logo
The Home Gurus, PLLC of Keller Williams Realty
930 South White Station
Memphis TN, 38117