Michelle Smith
Sells Houses
REALTOR®, Affiliated Broker, SNP, SRS,PSA,ABR
BEDS0
BATHS
MLS#10225795
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCRUTCHFIELD
NEIGHBORHOODWestside
Property Description
Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central, Individual Cooling
Heating: Central, Electrical, Individual Systems
Roof Type: Roll, Flat
Stories: 2.0
Year Built: 1964
Feature Descriptions
Days on Site: 18
Floors/ Ceilings: Tile, Vinyl Floor, Dry Wall,8 Feet
Units: 76
Listed By / Shown By
Listed By
Agency Name: Ware Jones, REALTORS
Shown By
Agent Name: Michelle Smith
Agent Phone: (901) 570-0141
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 13,844.78 per month $12,240.62 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,604.17 Homeowner's InsuranceChange Payment Information
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3236 Millington Rd | MLS# 10225795
This multi-family property located at 3236 Millington Rd, Memphis, TN 38127 is currently listed for sale with an asking price of $5,500,000. Search Westside real estate on michellesmith.crye-leike.com today.