2629 Tutwiler Ave

    Memphis, TN 38112
    • $184,900
    • STATUS: Contingent
    • ON SITE: 59 days
    • ID#: 10060114
    Under Contract
    UPDATED: 54 min ago
    $184,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    Description

    *Motivated Seller* 3 duplexes on large shared lot on a safe street minutes from downtown and only a few blocks from Broad Ave Arts District. Fully occupied, all Month-to-month leases totaling $2,390. Tenants pay all utilities. This property is a cash flow king! Two units completely renovated. Low turnover, all tenants have been there for more than a year with average length over 5 years, all are current on rent. Expenses and income statements available upon request.

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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: 2019-10-19T00:03:34.533.
    www.bryanrealty.com/homes/98148022

    2629 Tutwiler Ave Memphis, TN 38112

    • Price: $184,900
    • Status: Contingent
    • Updated: 54 min ago
    • ID#: 10060114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1945
    Built
    Neighborhood:
    Binghamton (North) Blk G
    County:
    Shelby
    Area:
    Overton Park
    Property Description
    *Motivated Seller* 3 duplexes on large shared lot on a safe street minutes from downtown and only a few blocks from Broad Ave Arts District. Fully occupied, all Month-to-month leases totaling $2,390. Tenants pay all utilities. This property is a cash flow king! Two units completely renovated. Low turnover, all tenants have been there for more than a year with average length over 5 years, all are current on rent. Expenses and income statements available upon request.
    Exterior Features

    Buildings 3 Construction Brick Foundation Slab Lot Size 52.5 X 137.73 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

    Interior Features

    Appliances Equipment RefrigeratorRange/Oven (Freestanding) Cooling Systems 1 Window Unit Per Unit Floors And Ceilings Hardwood ThroughoutPartial Carpet Heating Systems Wall Heat Hot Water Gas Laundry None

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 28680 Annual City Tax 380 Annual County Tax 488 Annual Insurance Expenses 2652 Annual Misc Income 153 Annual Operating Expenses 15390 Assumption Other (Call La) Average Annual Utilities 2000 Contingency Type Ct Insp - Inspection Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 39600 Legal Subdivision Name North Binghamton Blk G Lot Number 14THUR15 Multifamily Type Other (See Remarks) New Financing Cash Only Operating Expenses InsuranceTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building And Land Source Of Info ProjectedCurrent RecordsRent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 2 Br - 1 BathUnfurnished

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Bel Air Properties, Inc..



    © 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: 2019-10-19T00:03:34.533.
     
    Bryan Realty Group
    60 Front Street, Suite 3
    Rossville TN, 38066