$735,000 Assumable first position! 14 Unit complex in the heart of the medical district is a great addition to any buyers portfolio! 13/14 units are currently occupied bringing in $11,431/Month. All units are 2BR/1BA’s. Over $250,000 of upgrades have been put into the complex over the last three years. Notably, a brand new roof 2 years ago and additional exterior & interior rehabs. Value-add potential exists because some rents are currently below market, rent roll of $15,500+/month once all units are renovated. Fantastic location on the corner of Greenlaw & 7th St. Minutes from downtown St. Jude Hospital, which is in the process of a 6yr 12.9 BILLION dollar expansion. Located in a high-growth corridor including new retail such as Chick-fil-A, this property is uniquely positioned to attract quality tenants and achieve full market rents. Current rent roll and T12 financials available for qualified buyers.Seller is open to holding a 2nd lien on anything over $1m for qualified offer.
- Heating System:
- Central
- Cooling System:
- Central
- FOUNDATION:
- Slab
- Parking Facility:
- Asphalt/blacktop
- Country:
- US
- State:
- TN
- County:
- Shelby
- City:
- Memphis
- Subdivision:
- GWYNNE + GIBSON
- Zipcode:
- 38105
- Street:
- GREENLAW
- Street Number:
- 325
- Street Suffix:
- AVE
- Floor Number:
- 0
- Longitude:
- W91° 57' 36.4''
- Latitude:
- N35° 9' 28.5''
- Directions:
- 325 Greenlaw Ave Memphis downtown near Sr Jude Hospital
- Agent ID:
- 20516
- Status:
- Active
- Type:
- Apartment Complex
- # of Stories:
- 0
- Multi-Family 1 Bedroom Units:
- 0
- Multi-Family 2 Bedroom Units:
- 14
- Multi-Family 3 Bedroom Units:
- 0
- Lot Size:
- 157.50X163/140
Multi-family For Sale
325 GREENLAW AVE, Memphis, Tennessee 38105
- Property Type :
- Multi-family
- Listing Type :
- For Sale
- Listing ID :
- 10211134
- Price :
- $1,099,000
- Bedrooms :
- 0
- Bathrooms :
- 0
- Half Bathrooms :
- 0
- Square Footage :
- 0 Sqft
- Year Built :
- 1968
- Lot Area :
- 0 Acre
- Status :
- Active
- Days On Market :
- 120
