1680-1686 Kansas Street
1680-1686 Kansas Street
Memphis, TN 38109
$1,450,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.
Pending
Pending
Description
Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.
- Listed by Jacob Laurence • Keller Williams
Property Details for 1680-1686 Kansas Street
Area
747A
MAAR Subdivision NameSOUTH MEMPHIS LAND CO
Legal Subdivision NameSOUTH MEMPHIS LAND CO
Location
Listing Courtesy of Keller Williams
Add your commute
LISTING UPDATED: 06/03/2022 01:54 PM
Property Details for 1680-1686 Kansas Street
| Status | Pending |
|---|---|
| MLS # | 10123510 |
| Days on Market | 24 |
| Taxes | $8,171 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment Complex |
| Year Built | 1954 |
| Lot Size | 0.40 AC / 17,639 SF |
| County | Shelby County |
Location
Listing Courtesy of Keller Williams
Add your commute
Building Information for 1680-1686 Kansas Street
Stories-Residences22Year Built1954Building Size-Lot Size0.40 AC / 17,639 SF
Payment Calculator
$8,594 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,913
Property Taxes
$681
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1680-1686 Kansas Street
Summary
Location and General Information
- Address: 1680-1686 KANSAS ST
- Address Search Number: 1680
- Directions: Driving south on Kansas St, property will be on your left at the intersection of Kansas St and W Person Ave.
- Map Coordinate: A
- MLS Map Num: South Memphis/61 Hwy
Taxes and HOA Information
- Hot Water: Electrical, Individual System
- LVT Date: 05-08-2022
- Annual Insurance Expenses: $11,000
Property
Lot Information
- Lot Size: 72.38 X 243.7
- Parcel ID: 050051 00001
Property and Assessments
- Amenities: Security System, Dumpster, Privacy Walls/Fences
- Foundation: Laundry Facility, Slab
- Percent Occupancy: 100
- Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
- Roof: Composition
Interior Features
- Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 22
- Num of 2 Bedroom Units: 0
- Num of 3 Bedroom Units: 0
- Num of Efficiency Studio Units: 0
- Num of Buildings: 2
- Num Other Units: 0
- Assumption: Other (Call LA)
- Average Annual Utilities: $7,200
- Construction: Brick
- Cooling Systems: Electrial, Individual Cooling
- Existing Financing: Other (See REMARKS)
- Gross Potential Annl Rent: $191,400
- Heating Systems: Electrical, Individual Systems
- Laundry: Common Laundry
- Leaseable Sqft: 10560
- Miscellaneous Exterior: Sidewalks, Wood Fence, Security Gate
- Operating Expenses: Management, Insurance, Some Utilities, Repairs/Maintenance, Taxes
- Parking Facility: 1 Per Unit, Concrete, Gravel
- Possession: At Closing, Tenants Rights
- Sale Includes: Building and Land
- Source Of Info: Owner, Current Records, Leases, Rent Roll
- Tenant Pays: Some Utilities, Security Deposit
- Type Units: 1 BR - 1 Bath
Property History for 1680-1686 Kansas Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1680-1686 Kansas Street
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 1 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Riverview Middle School PublicPK to 8 | ||
Hamilton High School Public9 to 12 | ||
Beacon College Preparatory CharterK to 1 | ||
Knight Road Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams