957 Wellington St, Memphis, TN 38126

$574,500
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List Price
$574,500
MLS#
10231568
Property Type
Multifamily
Lot Size
61 X 167
Status
ACTIVE
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901-465-7172

Property Description

Income, upside and seller flexibility minutes from Downtown Memphis. This 6-unit features all 2-bedroom units with scheduled rents of $5,400 per month. The seller is currently turning over the tenant base, giving an incoming investor the opportunity to establish a stronger tenant profile, improve operations and position the asset for increased cash flow. To make the transition even more attractive, the seller is open to providing a short term credit for any vacant unit.

901-465-7172
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Additional Information

Annual City Tax
3790
Annual County Tax
3950
Annual Insurance Expense
9384
Construction
Brick
Foundation
Slab
Hot Water
Electrical
Legal Subdivision
Graham
Lot
S PT 12
Lot Size
61 X 167
New Financing
Conventional
Parking Facility
Asphalt/Blacktop
Roof
Composition
Stories
2
Subdivision
GRAHAM
Subtype
Apartment Building
Tenant Pays
Some Utilities
Year Built
1965
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Listing courtesy of Crye-Leike Commercial.

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