EXCELLENT opportunity to own a small MFU by the U of M! The area is booming right now and this type of unit is very rare. New septic in 2022; various ext./int. repairs, including unit turns last year. Utility billback in place at $750/month (would be 875 with all units occupied). Large attic and basement for possible expansion - more units=more money! 5/6 units occupied, bringing in $4765+$750(utilities)/month with the vacant being marketed for $850. Possible upside. No assignments/wholesalers
Property Type :
Other (See REMARKS)
Subdivision :
Spottswood
County :
Shelby
Style :
Other (See REMARKS)
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ByOwner last updated this listing 04/27/2024 @ 13:06
MLS: 10167380
LISTED BY: Randall Weatherall, Memphis Metro Realty
SOURCE: Memphis Area Assoc. of REALTORS® - MAAR
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
