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    1025 Wellington St

    Memphis, TN 38126
    • $250,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 10108680
    UPDATED: 47 min ago
    $250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:

    School Ratings & Info

    Description

    This 5 Unit garden apartment is perfect for an investor looking to expand their rental portfolio. While currently vacant, the multi-family property is being fully renovated. All utilities are on. Seller is willing to stop renovations & negotiate a lesser price. Being less than a mile away from LeMoyne- Owen College this 5 unit has the potential to bring in $3,750 in gross rent per month. Seller is motivated so submit all offers.

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    © 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or J Hunter Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-09-27T00:03:01.267.
    www.jhunterrealty.com/homes/121433940
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    1025 Wellington St Memphis, TN 38126

    • Price: $250,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 10108680
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1968
    Built
    Neighborhood:
    Washington Heights Blk 7
    County:
    Shelby
    Area:
    South Bluffs/Downtown
    Property Description
    This 5 Unit garden apartment is perfect for an investor looking to expand their rental portfolio. While currently vacant, the multi-family property is being fully renovated. All utilities are on. Seller is willing to stop renovations & negotiate a lesser price. Being less than a mile away from LeMoyne- Owen College this 5 unit has the potential to bring in $3,750 in gross rent per month. Seller is motivated so submit all offers.
    Exterior Features

    Buildings 5 Location Corner Lot Size 65 X 200 Parking Facility Asphalt/Blacktop Road Frontage City Street Roof Composition Shingles Truck Loading Door Height Less Than 6 Ft

    Interior Features

    Average Ceiling Height 11-12.9 Feet Cooling System 1 Window Unit Per Unit Floors Tile Foundation Slab Heating System Individual Systems Hot Water Gas Hot Water

    Property Features

    Annual City Tax 607 Annual County Tax 770 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available Other (See Remarks) Legal Subdivision Name Washi Gton Heights Blk 7 Lot Number 3 & PT 4 New Financing Conventional Possession Lease Possession At Closing Sale Includes Building And Land Tenant Pays Other (See Remarks) Type Usage Other (See Remarks)

    Listing information © 2021 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Hayes Homes And Realty, Inc.



    © 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or J Hunter Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-09-27T00:03:01.267.
     
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    J Hunter Realty
    3383 Park Ave
    Memphis TN, 38111