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1572 Hanauer St

Memphis, TN 38109
  • $650,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 10121898
UPDATED: 38 min ago
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

Rehabbed 10 unit complex off South Parkway in 38109. Currently 70% leased, but should be 100% by closing. 4 of the 10 units have been renovated from the studs up, new mechanical, electric, and plumbing. Rents are $550/month for the 8 1/1s, $700/month for the 2 2/1s. New roofs on 2 of the 3 buildings, and the other is about 1 year old. Newer doors and windows. Owner pays for water and exterior security lights. Owner agent.

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© 2022 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryan Realty Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-05-23T17:03:39.513.
www.bryanrealty.com/homes/127797749
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1572 Hanauer St Memphis, TN 38109

  • Price: $650,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 38 min ago
  • MLS #: 10121898
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
Hanauer
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Rehabbed 10 unit complex off South Parkway in 38109. Currently 70% leased, but should be 100% by closing. 4 of the 10 units have been renovated from the studs up, new mechanical, electric, and plumbing. Rents are $550/month for the 8 1/1s, $700/month for the 2 2/1s. New roofs on 2 of the 3 buildings, and the other is about 1 year old. Newer doors and windows. Owner pays for water and exterior security lights. Owner agent.
Exterior Features

Buildings 3 Construction Brick Foundation Slab Lot Size 150 X 189.5 Misc Exterior Sidewalks Parking Facility Offsite/Street Roof CompositionPitched

Interior Features

Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Dry WallPartial CarpetTileVinyl Floor Heating Systems Wall Heat Hot Water Gas Laundry Connections

Property Features

1 Bedroom Units 8 2 Bedroom Units 2 3 Bedroom Units 0 Annual City Tax 790 Annual County Tax 1001 Annual Insurance Expenses 5680 Assumption No AssumptionNo Escalation Average Annual Utilities 3000 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Other (See Remarks) Gross Potential Annual Rent 69600 Legal Subdivision Name Hanauer Lot Number 24 & N Multifamily Type Apartment Complex New Financing Conventional Operating Expenses InsurancePest ControlRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 70 Possession At ClosingTenants Rights Sale Includes Building And Land Source Of Info LeasesProjected Tenant Pays ElectricGasHeatingTrash Collection Type Of Leases Year Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crestcore Realty Mphsbrokerage.



© 2022 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryan Realty Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-05-23T17:03:39.513.
 
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Bryan Realty Group
1850 Poplar Crest Cove, Suite 104
Memphis TN, 38119