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1861 Corning Ave

Memphis, TN 38127
  • $795,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: 10152934
UPDATED: 37 min ago
$795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Kencor
Type:
Multi-Family
Built:
1977
County:
Shelby
Area:
Frayser - North

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Description

This 14 unit building is a value add opportunity located in the Frayser area. The units are all 2 bedroom. The market rents are 11,130 per month. Drive by only. Please do not disturb tenants.

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© 2023 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 Dwell Real Estate Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-09-29T12:03:25.407.
www.itsdwell.com/homes/141784031
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1861 Corning Ave Memphis, TN 38127

  • Price: $795,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 37 min ago
  • ID#: 10152934
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1977
Built
Neighborhood:
Kencor
County:
Shelby
Area:
Frayser - North
Property Description
This 14 unit building is a value add opportunity located in the Frayser area. The units are all 2 bedroom. The market rents are 11,130 per month. Drive by only. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 37288 Lot Size 37288 Parking Facility Detached Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Vinyl Floor Heating Systems Central Hot Water Electrical Improved Sq Ft 13365 Laundry Connections Leaseable Sq Ft 13365

Property Features

1 Bedroom Units 0 2 Bedroom Units 14 3 Bedroom Units 0 Actual Annual Rent 83160 Annual City Tax 2221 Annual County Tax 2787 Annual Insurance Expenses 4253 Annual Operating Expenses 35292 Assumption No Escalation Average Annual Utilities 5940 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 133560 Legal Subdivision Name Kencor Lot Number 1 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building And Land Source Of Info Current RecordsLeasesRent Roll Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 Br - 1 Bath

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2023 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 Dwell Real Estate Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-09-29T12:03:25.407.
 
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Dwell Real Estate Group
8596 Farmington Blvd, Suite 1
Germantown TN, 38139