2342 Parkway Pl

    Memphis, TN 38112
    • $1,699,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: 10058621
    UPDATED: 19 min ago
    $1,699,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    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!

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    © 2019 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: 2019-10-20T08:03:09.383.
    www.bryanrealty.com/homes/97458063

    2342 Parkway Pl Memphis, TN 38112

    • Price: $1,699,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 10058621
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1925
    Built
    Neighborhood:
    Parkway Place Blk 1
    County:
    Shelby
    Area:
    Overton Park
    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!
    Exterior Features

    Buildings 4 Construction Brick/VeneerOther (See Remarks) Foundation Slab Lot Size 144.2/159.2X120/120.83 Misc Exterior SidewalksSome LandscapingHistoric DistrictOther (See Remarks) Parking Facility Asphalt/Blacktop Roof Shingle/Shake

    Interior Features

    Appliances Equipment Other (See Remarks) Cooling Systems Other (See Remarks) Floors And Ceilings Partial CarpetOther (See Remarks) Heating Systems CentralOther (See Remarks) Hot Water Other (See Remarks) Laundry None

    Property Features

    1 Bedroom Units 12 2 Bedroom Units 20 3 Bedroom Units 0 Amenities Other (See Remarks) Annual City Tax 1972 Annual County Tax 2535 Assumption No Assumption Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 326000 Legal Subdivision Name Parkway Pl Blk 1 Lot Number 2And3andep Multifamily Type Apartment Complex New Financing Other (Call La) Operating Expenses ManagementInsuranceTaxesOther (Call La) Other Units 0 Possession At Closing Sale Includes Building And Land Source Of Info BrochureRent RollP/L Statement Tenant Pays Other (Call La) Type Of Leases Other (Call La) Type Of Units 1 Br - 1 Bath2 Br - 1 Bath

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Pinnacle Realty.



    © 2019 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: 2019-10-20T08:03:09.383.
     
    Bryan Realty Group
    60 Front Street, Suite 3
    Rossville TN, 38066