3721 Millbranch Rd, Memphis, TN 38116

$1,538,000
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List Price
$1,538,000
MLS#
10231572
Property Type
Multifamily
Lot Size
431.65 X 171.17 IRR
Status
ACTIVE
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901-465-7172

Property Description

This 20 unit has all 2 bedroom units. The property has a long-established rental history and scheduled rents of approximately $15,500 per month .Located minutes from Memphis International Airport and major FedEx and UPS employment hubs, the property is positioned near some of Memphis' most significant employment activity. The retiring owner is ready to make a deal and has reduced the price to generate serious activity. This is an opportunity for an experienced investor

901-465-7172
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Additional Information

Actual Annual Rent
204000
Annual City Tax
4169
Annual County Tax
4345
Annual Insurance Expense
16401
Construction
Brick, Shake/Shingle
Foundation
Slab
Hot Water
Electrical
Legal Subdivision
Lonnie E. Robertw
Lot Size
431.65 X 171.17 IRR
New Financing
Other (Call LA)
Occupancy
100
Parking Facility
Asphalt/Blacktop
Roof
Composition
Stories
2
Subdivision
LONNIE E. ROBERTS
Subtype
Apartment Building
Tenant Pays
Other (Call LA)
Year Built
1969
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Listing courtesy of Crye-Leike Commercial.

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