1680 Kansas St, Memphis, TN 38109
- $1,222,000
- Sold Price
- $1,222,000
- List Price
- $1,290,000
- Closing Date
- Jun 26, 2025
- MLS#
- 10191974
- Property Type
- Multifamily
- Lot Size
- 72.38 X 243.7
- Status
- CLOSED
Property Description
Welcome to Sunny Grove! This is a 22-unit fully occupied property with two buildings and one graveled parking lot. Spanning 3 addresses (1680 Kansas St, 1686 Kansas St and 1683 Kansas), it is a turnkey, renovated, cash-flowing property to a VA-Funded Nonprofit for veterans in need. 3-year lease is in place! $13k/mo in rental income, utilities reimbursed, maintenance reimbursed, no Capex needed! What an opportunity! Oh and the non profit provides onsite management, handles tenant turnover, and maintenance requests. All units have been updated to meet VA requirements and both buildings have newer roofs. Laundry onsite. This property is already delivering a fantastic ROI and long term cash flow. It's now your time to reap the benefits! Rent rolls, financials, and records available upon request. Inspections with due diligence. Text or Call agent for additional information and questions.
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Additional Information
- Actual Annual Rent
- 166000
- Annual City Tax
- 2287
- Annual County Tax
- 2426
- Construction
- Brick
- Foundation
- Slab, Laundry Facility
- Hot Water
- Electrical, Public Water, Public Sewer
- Legal Subdivision
- South Memphis Land Co
- Lot Size
- 72.38 X 243.7
- New Financing
- Conventional
- Occupancy
- 85
- Parking Facility
- Concrete, Gravel, 1 Per Unit
- Roof
- Composition
- Subdivision
- SOUTH MEMPHIS LAND CO
- Subtype
- Apartment Building
- Tenant Pays
- All Utilities
- Year Built
- 1954
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Listing courtesy of Sell901 Real Estate. Selling Office: Assured Real Estate Services.
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