1616 Monroe Ave, Memphis, TN 38104
- $895,000
- List Price
- $895,000
- Price Change
- ▲ $120,000 1781824276
- MLS#
- 10224276
- Property Type
- Multifamily
- Lot Size
- 50 X 157.5
- Status
- ACTIVE
Property Description
This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please
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Additional Information
- Actual Annual Rent
- 83100
- Annual City Tax
- 5654
- Annual County Tax
- 7095
- Annual Insurance Expense
- 4510
- Construction
- Brick/Veneer
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Ingleside
- Lot
- 14
- Lot Size
- 50 X 157.5
- New Financing
- Conventional
- Occupancy
- 100
- Parking Facility
- Asphalt/Blacktop
- Roof
- Pitched
- Stories
- 2
- Subdivision
- INGLESIDE
- Subtype
- Apartment Building
- Tenant Pays
- Some Utilities
- Year Built
- 1960
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Listing courtesy of Crye-Leike Commercial.
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