Homes for sale - 374 N DUNLAP ST, Memphis, TN 38105

Additional details

Eddie Aeschliman

nouseeddiewithexit@gmail.com +1(901) 860-3302

$535,000

Est. payment - /mo

5,000 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family, Condo

Sub Type Apartment Building

Listing Status Pending

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $107

Subdivision Lane

MLS Listing ID 10184186

Year Built 1959

Annual Tax Amount $1,792

Property Sub-Type Apartment Building

Property Description

Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.

Location

State TN

County Shelby

Area Harbor Town/Downtown

Interior

Heating Electrical, Other (See Remarks)

Cooling Electrial, Other (See Remarks)

Flooring Tile, Wood Laminate Floors

Equipment Range/Oven (Freestanding), Refrigerator, Smoke Detector(s)

Laundry None

Exterior

Parking Features Gravel, Offsite/Street

Roof Type Composition

Building

Story 1

Foundation Slab

Water Electrical

Read Less Info

Listed by Jessica Sewell • Prime Real Estate Group

Get More Information

Eddie Aeschliman

+1(901) 860-3302

Broker

374 N DUNLAP ST Memphis, TN 38105

Eddie Aeschliman

Key Details

Location

Interior

Exterior

Building

Get More Information

Quick Search