BEDS10
BATHS
MLS#10184186
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLane
NEIGHBORHOODHarbor Town-Downtown
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electrial, Other (See Remarks)
Heating: Electrical, Other (See Remarks)
Roof Type: Composition
Stories: 1.0
Year Built: 1959
Feature Descriptions
Days on Site: 578
Floors/ Ceilings: Tile, Wood Laminate Floors
Units: 10
Listed By / Shown By
Listed By
Agency Name: Prime Real Estate Group
Shown By
Agent Name: Anna Palazola
Agent Phone: (901) 383-3968
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 1,346.72 per month $1,190.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $156.04 Homeowner's Insurance
374 N Dunlap St | MLS# 10184186
This multi-family property located at 374 N Dunlap St, Memphis, TN 38105 is currently listed for sale with an asking price of $535,000. Search Harbor Town-downtown real estate on annapalazola.crye-leike.com today.