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580 Mckinley St

Memphis, TN 38126
  • $419,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: 10133974
UPDATED: 31 min ago
$419,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Description

Three duplexes and one single family residence on one parcel. Great location near downtown and the Medical District. All units are 1/1. Current scheduled monthly income is $4,150 (six units are at $600 and one is at $550). 1/1 units around the corner are renting at $750+. Opportunity for a new owner to raise rents to market rates and potentially subdivide property as well.

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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: 2022-11-26T08:03:16.053.
midsouth.yourhomegurus.com/homes/133294021
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580 Mckinley St Memphis, TN 38126

  • Price: $419,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 31 min ago
  • ID#: 10133974
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1945
Built
Neighborhood:
Mcgrath
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Three duplexes and one single family residence on one parcel. Great location near downtown and the Medical District. All units are 1/1. Current scheduled monthly income is $4,150 (six units are at $600 and one is at $550). 1/1 units around the corner are renting at $750+. Opportunity for a new owner to raise rents to market rates and potentially subdivide property as well.
Exterior Features

Buildings 4 Construction Brick Foundation Slab Land Sq Ft 21257 Lot Size 0.483 Parking Facility 1 Per Unit Roof Composition

Interior Features

Cooling Systems 1 Window Unit Per Unit Floors And Ceilings 8 FeetDry WallTileWood Laminate Floors Heating Systems CentralGas Hot Water GasPublic SewerPublic Water Improved Sq Ft 4640 Laundry None Leaseable Sq Ft 4640

Property Features

1 Bedroom Units 7 2 Bedroom Units 0 3 Bedroom Units 0 Actual Annual Rent 49800 Annual City Tax 791 Annual County Tax 993 Annual Insurance Expenses 3200 Assumption No Assumption Average Annual Utilities 0 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 67200 Legal Subdivision Name Mcgrath Lot Number 14-15-16 Multifamily Type Flat/Garden Units New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes No Appliances Source Of Info Owner Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 Br - 1 BathUnfurnished Zoning Comm

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Prime Real Estate Group: 509-220-0128.



© 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: 2022-11-26T08:03:16.053.
 
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The Home Gurus, PLLC of Keller Williams Realty
930 South White Station
Memphis TN, 38117