12
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$574,500
Est. payment /mo
4,212 SqFt
New
957 WELLINGTON ST Memphis, TN 38126
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Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Building
Listing Status Active
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $136
Subdivision Graham
MLS Listing ID 10231568
Year Built 1965
Annual Tax Amount $7,740
Property Sub-Type Apartment Building
Property Description
Income, upside and seller flexibility minutes from Downtown Memphis. This 6-unit features all 2-bedroom units with scheduled rents of $5,400 per month. The seller is currently turning over the tenant base, giving an incoming investor the opportunity to establish a stronger tenant profile, improve operations and position the asset for increased cash flow. To make the transition even more attractive, the seller is open to providing a short term credit for any vacant unit.
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Central
Cooling 1 Window Unit per Unit
Flooring Wood Laminate Floors
Equipment Refrigerator, Range/Oven (Freestanding)
Laundry None
Exterior
Parking Features Asphalt/Blacktop
Roof Type Composition
Building
Story 2
Foundation Slab
Water Electrical
Listed by Jeffrey B Moore • Crye-Leike Commercial
NEARBY SCHOOL & BUSINESS
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