Price Reduction
Address
1261 CENTRAL AVE Memphis, TN
Price
$ 414,900
Property Attributes
  • MLS#10083584
  • TypeMulti-Family
  • CountySHELBY
  • CityMemphis
  • AreaCentral Gardens
  • NeighborhoodAnnesdale
  • Zip38104
  • StyleConverted House
  • Year Built1917
  • Taxes4199
  • Price$ 414,900
  • Bedrooms5
  • Full Bathrooms6
  • Half Bathrooms0
Listing Provided Courtesy Of:
Revid Investments, LLC
Property Description

Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit building with a rent roll of $3,755 per month. Since renovation 11 months, property has been collecting 98.9% of rent roll. 2 studios, 3 one bedrooms, and 1 Larger Two Bedroom units are included. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. Owner pays common utilities, plan to move costs to tenants at renewal.

Price History
8/25/2020 Listed $429,000
10/19/2020 4% - $414,900

General Features

Amenities Other (See REMARKS)
Area 746F
Class Multi-Family
Construction Brick
Cooling Systems 1 Window Unit per Unit, 2+ Window Units per Unit
Heating Systems Central
Laundry Washer in Unit, Dryer in Unit
Legal Subdivision Name Snowden Homestead
Listing Area Central Gardens
Operating Expenses Insurance, All Utilities, Taxes
Roof Composition
Service Type Full Service Listing
Status Active
Status Active
Stories 2
Type Converted House
Year Built 1917

Interior Features

# 1 Bedroom Units 3
# 2 Bedroom Units 1
# Efficiency/studio Units 2
Floors/ceilings Tile, Partial Carpet, Wood Laminate Floors
Hot Water Gas
Total # Of Units 6

Exterior Features

Sale Includes Building and Land, All Appliances
Foundation Conventional/Crawl Space
Lot Size 60x150
Miscellaneous Exterior Some Landscaping
Number of Buildings 1
Parking Facility Concrete

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 38104

Price
AVG $2.02M
$410K
Taxes
AVG $8,680
$4,199
Visits
AVG 64
55
Year Built
AVG 1922
1917

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