39
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$575,000
Est. payment /mo
Active
180 CRESTMERE PL Memphis, TN 38112
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Key Details
Property Type Commercial
Sub Type Other (See REMARKS)
Listing Status Active
Purchase Type For Sale
Subdivision Williford Place & Crestmere Place
MLS Listing ID 10223928
Year Built 1934
Annual Tax Amount $5,267
Property Sub-Type Other (See REMARKS)
Property Description
Turnkey STR positioned near Overton Park in Midtown Memphis, The Crestmere Estate at offers a luxury hospitality asset with investment potential. The property includes a 4BR/2.5BA Tudor main home plus a 2BR/1BA detached guesthouse with downstairs storage that is plumbed, heated/cooled, creating a flexible 6BR/3.5BA layout for short-term rental use. Resort-style outdoor spaces include a renovated gunite heated saltwater pool, bluestone decking, courtyard, fountains, iron gates, and a landscaped double lot, full third-floor attic with high ceilings, and a basement wine cellar. Seller-stated STR performance includes an average occupancy of about 70%, $100K-$120K in annual revenue, and approx. $20K in future bookings included with sale. STR business available for an additional fee, including website, Hostfully, Turno, PriceLabs, chatbots, Breezeway, furnishings, linens, towels, pool supplies, & listing opportunities on Airbnb, Booking.com, VRBO. Contact listing agent for business details.
Location
State TN
County Shelby
Area Midtown/Holmes
Zoning R
Interior
Heating Central, Gas
Cooling Central Cooling
Flooring Hardwood
Inclusions All Furnishings, Business Name
Exterior
Parking Features Attached, Covered
Roof Type Composition Shingles
Building
Story 2
Foundation Conventional/Crawl Space
Water Public Sewer, Public Water
Others
Miscellaneous Sprinkler System,Living Space Available
Virtual Tour https://www.youtube.com/watch?v=p_s9RaP-NjY
Listed by Shay C Payne • BHHS McLemore & Co. Realty
NEARBY SCHOOL & BUSINESS
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