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901-465-7172
Real Estate Company
261 Keel Ave, Memphis, TN 38107
- $784,000
- List Price
- $784,000
- MLS#
- 10231609
- Property Type
- Multifamily
- Lot Size
- 98.750X148.5
- Status
- ACTIVE
Property Description
This 8-unit opportunity is located north of downtown in the Uptown area.St. Jude's huge expansion continues to create an increased demand for housing in the area. All units are 2BR's with stoves, refrigerators, washers and dryers. The scheduled monthly rents are 6,570. Rents are below market due to over 20 years of ownership. This provides an opportunity to increase rents without major capital improvements. The retiring owner is ready to do a deal with a serious buyer. Drive by only, please
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Additional Information
- Actual Annual Rent
- 78840
- Annual City Tax
- 856
- Annual County Tax
- 892
- Annual Insurance Expense
- 6560
- Construction
- Brick/Veneer
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Greenlaw
- Lot
- 214&215
- Lot Size
- 98.750X148.5
- New Financing
- Other (Call LA)
- Occupancy
- 100
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Stories
- 2
- Subdivision
- GREENLAW
- Subtype
- Apartment Building
- Tenant Pays
- Other (Call LA)
- Year Built
- 1968
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Listing courtesy of Crye-Leike Commercial.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.