Address
273 GASTON AVE Memphis, TN
Price
$ 400,000
Property Attributes
  • MLS#10113212
  • TypeMulti-Family
  • CountySHELBY
  • CityMemphis
  • AreaSouth Bluffs-Downtown
  • NeighborhoodLATHAM BLK B
  • Zip38106
  • StyleApartment Building
  • Year Built1965
  • Taxes$ 1576
  • Price$ 400,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
Listing Provided Courtesy Of:
The Bailey Company Realty, Inc
Data Source:
Memphis MLS (MAAR)
Property Description

Great investment opportunity near Soulsville on a quiet South Memphis street. There are six total units and all are currently leased out at $500/mo. The owner plans to raise the rent in January . The tenants pay on time and are good long-term tenants.POTENTIAL CAP RATE OF 12-15%. Please do not disturb tenants.

Price History
11/24/2021 Listed $400,000

General Features

Area 745E
City Memphis
Class Multi-Family
Construction Brick/Veneer
Cooling Systems 1 Window Unit per Unit
Heating Systems Gas
Laundry Y/N Connections
Legal Subdivision Name LATHAM BLK B
Listing Area South Bluffs/Downtown
Operating Expenses Some Utilities, Repairs/Maintenance, Taxes
Roof Composition
Service Type Full Service Listing
Status Active
Status Active
Stories 2
Type Apartment Building
Year Built 1965

Interior Features

# 2 Bedroom Units 6
Floors/ceilings Partial Carpet
Hot Water Gas
Total # Of Units 6

Exterior Features

Sale Includes Building and Land, Some Appliances
Foundation Slab
Lot Size 60X156
Number of Buildings 1
Parking Facility Attached, More Than 1 Per Unit

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 38106

Price
AVG $310K
$400K
Taxes
AVG $1,590
$1,576
Visits
AVG 47
27
Year Built
AVG 1948
1965
Walkscore
AVG 45
40
Data Provided by Walkscore ® not using MLS data

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