$1,010,000
$1,599,000
36.8%For more information regarding the value of a property, please contact us for a free consultation.
2342 PARKWAY PL Memphis, TN 38112
Key Details
Sold Price $1,010,000
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Subdivision Parkway Pl Blk 1
MLS Listing ID 10058621
Sold Date 03/19/20
Year Built 1925
Annual Tax Amount $4,507
Property Sub-Type Apartment Complex
Property Description
Tremendous Value-Add portfolio of 2 Apartments, 32 Units in Midtown/Overton Square, a very desirable area. Huge Upside for Buyer. 2342 Parkway Pl & 2345 Forrest Ave. Partially leased at ~$400/mo., w/ Renovations rents can be increased by +$450 to $850/mo. Across from Overton Park, Tenants can walk to Levitt Shell, Zoo, Overton Square, & Cooper Young, Brooks Museum, Entertainment, Rhodes/CBU, Restaurants, & Shopping! High Traffic of >36,000 adt. New developments nearby. Don't miss out on this!
Location
State TN
County Shelby
Area Overton Park
Interior
Heating Central, Other (See Remarks)
Cooling Other (See Remarks)
Flooring Other (See Remarks), Partial Carpet
Equipment Other (See REMARKS)
Laundry None
Exterior
Parking Features Asphalt/Blacktop
Roof Type Shingle/Shake
Building
Foundation Slab
Water Other (See REMARKS)
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Harry D Samuels • Pinnacle Realty