285 Lucy Ave - Multi-Family FOR SALE


Memphis, TN 38106- South Memphis
$335,000 USD
285 Lucy Ave, Memphis, TN for Sale
$335,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

285 Lucy Ave
Memphis, TN 38106
South Memphis


OVERVIEW

Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, &Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.

FOR SALE DETAILS

PRICE

$335,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

4

PRICE/UNIT

$83,750

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

285 Lucy Ave

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

-

APN/PARCEL ID

013023 00005

ASK ABOUT THIS PROPERTY

Tyler TapleyCrye-Leike RealtorsMore Info

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