519 Simpson Ave, Memphis, TN 38106
- $326,000
- Sold Price
- $326,000
- List Price
- $370,000
- Closing Date
- May 19, 2025
- MLS#
- 10194705
- Property Type
- Multifamily
- Lot Size
- 72 X 125
- Status
- CLOSED
Property Description
Investor's Dream! Don’t miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.
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Additional Information
- Actual Annual Rent
- 2110
- Annual City Tax
- 621
- Annual County Tax
- 659
- Annual Insurance Expense
- 3300
- Construction
- Brick, Other (See Remarks)
- Foundation
- Conventional/Crawl Space, Slab
- Hot Water
- Public Sewer, Public Water Available
- Legal Subdivision
- Trigg
- Lot
- NW PT 45
- Lot Size
- 72 X 125
- New Financing
- Conventional, Other (Call LA)
- Occupancy
- 50
- Parking Facility
- Concrete
- Roof
- Shingle/Shake
- Subdivision
- TRIGG
- Subtype
- Apartment Complex
- Tenant Pays
- Electric
- Year Built
- 1959
Mortgage Calculator
Listing courtesy of Fast Track Realty, LLC. Selling Office: Keller Williams Realty.
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