35.119015 -89.98927

975 MEDA ST Memphis, TN 38104

247084022 35.119015 -89.98927 2555 /listing/247084022-150065446/975-meda-st-memphis-tn-38104 False 0 3600000.0 105 10058964 False
  • $3,600,000
  • 50 X 120 lot
  • Est payment $19325.58/mo

Property & Neighborhood Info

Courtesy Of Perk Realty

Multi-Family in Memphis

Unique apartment PACKAGE of 51 units on 18 properties all located in MIDTOWN. Each property is 2, 3 or 4 units. Neighborhoods include Midtown, Central Gardens, Cooper-Young, Evergreen and Vollintine/Evergreen. All units 100% occupied in July. Investors could keep the rentals cash flowing as is, upgrade & increase rents, turn some units into short rentals, or turn some into condos. Priced @ $70k/unit, Cap Rate 8%. Owner will not separate package. Call Perk Realty for package details.

Courtesy Of Perk Realty
  1. 50 X 120 Lot

Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1923
  • County: Shelby
  • Taxes: $4,040.00
  • Units: 51
  • Subdivision: Cooper Young
  • MLS Number:10058964

Additional Features

  • Cooling:
    • Individual Cooling
  • Flooring:
    • Other (See Remarks)
  • Laundry:
    • Dryer in Unit
    • Washer in Unit
  • Property Subtype:
    • Other (See REMARKS)
  • Roof:
    • Shingle/Shake
  • Type Of Units:
    • 1 BR - 1 Bath
    • 2 BR - 1 Bath
    • 3 BR - 1 Bath
    • 3 BR - 1+ Baths
    • Efficiency/Studio
    • Unfurnished
  • Foundation:
    • Conventional/Crawl Space
  • Parking:
    • 1 Per Unit
  • Expenses Include:
    • Management
  • Heating:
    • Individual Systems
  • Hot Water:
    • Individual System
  • Contingency Type:
    • CT Insp - Inspection Contingency
  • Existing Financing:
    • Other (See Remarks)
  • Lease Type:
    • Year
  • List Type (Exclusive):
    • Exclusive Right to Sell
  • New Financing:
    • Other (Call LA)
  • Sale Includes:
    • All Appliances
    • Building and Land
  • Sale Or Rent:
    • For Sale
  • Tenant Pays:
    • Other (Call LA)
  • Lot Number:
    • 8-9
  • No. of Buildings:
    • 18
  • Possession:
    • At Closing
    • Tenants Rights
  • Tax ID:
    • This is only one of 18 Parcels sold as a package. See attached document for addresses & parcel IDs.
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Lisa Harris
Lisa Harris
7700 Poplar Suite 216 Memphis TN 38138
Request More Info
35.119015 -89.98927

975 MEDA ST Memphis, TN 38104

247084022 35.119015 -89.98927 2555 /listing/247084022-150065446/975-meda-st-memphis-tn-38104 False 0 3600000.0 105 10058964 False
  • $3,600,000
  • 50 X 120 lot
  • Est payment $19325.58/mo