3251 Old Getwell Road

3251 Old Getwell Road

Memphis, TN 38118

$4,100,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
a view of a house with a yard and garage
a car parked on the side of a road
a front view of house with a yard
a view of a porch with a patio
a front view of a house
a house view with a outdoor space
a view of backyard with swimming pool and seating space
a view of storage and utility room
a view of storage and utility room
a bathroom with a sink a toilet and vanity
a room with storage and utility
a view of front door
a close view of stove
a view of empty room
a bathroom with a sink a toilet and mirror
a view of a hallway with closet
a view of an empty room and window
a view of a small space
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with a sink and a refrigerator
a kitchen with granite countertop a sink cabinets and appliances

Description

This 48-unit property is a value add opportunity located near East Memphis. There are 43-3BR units and 5-2BR units. The total scheduled monthly income is 44764. There are 12 units left to be rehabbed. Drive by only. Please do not disturb residentsThis 48-unit property is a value add opportunity located near East Memphis. There are 43-3BR units and 5-2BR units. The total scheduled monthly income is 44764. There are 12 units left to be rehabbed. Drive by only. Please do not disturb residents
  1. Listed by Jeffrey Moore • Crye-Leike Commercial

Property Details for 3251 Old Getwell Road

Area
771A
MAAR Subdivision Name
BROOK HOLLOW COMMERCIAL
Legal Subdivision Name
BROOK HOLLOW COMMERCIAL

Location

Listing Courtesy of Crye-Leike Commercial
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LISTING UPDATED: 05/28/2024 11:35 AM

Property Details for 3251 Old Getwell Road

StatusActive
MLS #10172400
Days on Market19
Taxes$3,565 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1973
Lot Size1.81 AC / 78,952 SF
CountyShelby County

Location

Listing Courtesy of Crye-Leike Commercial
Add your commute

Building Information for 3251 Old Getwell Road

Stories2Residences48Year Built1973Building Size-Lot Size1.81 AC / 78,952 SF

Payment Calculator

$22,672 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,375

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3251 Old Getwell Road

Summary
Location and General Information
  • Address: 3251 OLD GETWELL RD
  • Address Search Number: 3251
  • Directions: Take Lamar (E) past Knight Arnold to Old Getwell. Turn left on Old Getwell to 3251 Old Getwell.
  • Map Coordinate: A
  • MLS Map Num: Airport/Oakhaven
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 05-15-2024
  • Annual Insurance Expenses: $18,048
Property
Lot Information
  • Lot Size: 253.675 X 311.235 IRR
  • Lot Num: 1
  • Parcel ID: 073029 00006
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 66
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 5
  • Num of 3 Bedroom Units: 43
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Annual Operating Expenses: $69,149
  • Assumption: No Assumption
  • Average Annual Utilities: $10,880
  • Construction: Brick/Veneer
  • Cooling Systems: Central
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $546,108
  • Heating Systems: Central
  • Improved Sqft: 56144
  • Land Sqft: 172933
  • Laundry: Connections
  • Operating Expenses: Repairs/Maintenance, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Leases, Rent Roll
  • Tenant Pays: Some Utilities
  • Type Units: 2 BR - 1+ Baths, 3 BR - 1 Bath

Property History for 3251 Old Getwell Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3251 Old Getwell Road

Taxable ValueLand$48,800Additions$400Total$49,200
Tax Record2022$2,997 ($250 / month)
Home Facts
Total Finished SqFt7,018 SqFtAbove Grade Finished SqFt7,018 SqFtStories1Lot Size172,933 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningRU-3CountySHELBYAPN073-029- - -00006Fireplace TypeHas Fireplace

Schools near 3251 Old Getwell Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Getwell Elementary School
Public - PK to 5
American Way Middle School
Public - 6 to 8
Sheffield High School
Public - 9 to 12
Sheffield Career And Technical Center
Public - 10 to 12
Rating
School
Distance
Getwell Elementary School
PublicPK to 5

American Way Middle School
Public6 to 8

Sheffield High School
Public9 to 12

Sheffield Career And Technical Center
Public10 to 12

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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More information about 3251 Old Getwell Road, Memphis, TN 38118

3251 Old Getwell Road is a multi-family home for sale in Memphis, TN 38118. This property was listed for sale on May 14, 2024 by Crye-Leike Commercial, it's currently listed at $4,100,000. It has been on the market for a total of 19 days and was last sold on May 24, 2018. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Getwell Elementary School, American Way Middle School and Sheffield High School. 3251 Old Getwell Road is a 0-bed, 0-bath, multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Commercial