$435,000
$450,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
596 S DANNY THOMAS BLVD Memphis, TN 38126
Key Details
Sold Price $435,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Subdivision Dearing Blk 4
MLS Listing ID 10059765
Sold Date 11/15/19
Year Built 1962
Annual Tax Amount $2,586
Property Sub-Type Apartment Building
Property Description
14-unit (Six 1BR/1BA & Eight 2BR/1BA) renovated apartment bldg in Downtown Memphis by the new Foote Homes South City $250 Million redevelopment on Danny Thomas Blvd & less than 1 mile from the $950 Million Union Row Development! Walking distance to FedEx Forum & located in one of Memphis' Opportunity Zones.This unique property has a 14% CAP rate, gross rental income of $72,200 & 100% occupied (solid tenants). All units renovated in 2018 w/new water heaters, laminate hardwood floor, ceramic tile!
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Wall Heat
Cooling 1 Window Unit per Unit
Flooring Hardwood Throughout
Equipment Other (See REMARKS)
Laundry None
Exterior
Parking Features Gravel, Offsite/Street
Roof Type Shingle/Shake
Building
Foundation Slab
Water Gas
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Randall C Weatherall • Crestcore Realty, LLC