3468 Bowen Avenue
3468 Bowen Avenue
Memphis, TN 38122
$318,900
Price
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Description
2 occupied and 2 are rent-ready - this are is going up in value and popularity! Just N of Summer Ave, off of Highland is this 4-unit set, all on one lot - perfect for investors. Unit Comp: Duplex - 1 x 2/1, 1 x 1/1 ADU1 - 1 x 1/1 ADU2 - 1 x Studio 2/1 Three of the units have been updated and the buildings look great! 2/4 are occupied now. Current rents are: U3: $685+$123 utilities | U4: $575+$100 utilities No assignable/wholesaler offers. Two units avail to show.2 occupied and 2 are rent-ready - this are is going up in value and popularity! Just N of Summer Ave, off of Highland is this 4-unit set, all on one lot - perfect for investors. Unit Comp: Duplex - 1 x 2/1, 1 x 1/1 ADU1 - 1 x 1/1 ADU2 - 1 x Studio 2/1 Three of the units have been updated and the buildings look great! 2/4 are occupied now. Current rents are: U3: $685+$123 utilities | U4: $575+$100 utilities No assignable/wholesaler offers. Two units avail to show.
- Listed by Randall Weatherall • Memphis Metro Realty
Property Details for 3468 Bowen Avenue
Area
751B
MAAR Subdivision NameHIGHLAND HEIGHTS BLK 14
Legal Subdivision NameHIGHLAND HEIGHTS BLK 14
Location
Listing Courtesy of Memphis Metro Realty
Add your commute
LISTING UPDATED: 04/16/2024 03:39 PM
Property Details for 3468 Bowen Avenue
| Status | Active |
|---|---|
| MLS # | 10159228 |
| Days on Market | 104 |
| Taxes | $1,374 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Other (See REMARKS) |
| Year Built | 1925 |
| Lot Size | 0.23 AC / 10,000 SF |
| County | Shelby County |
Location
Listing Courtesy of Memphis Metro Realty
Add your commute
Building Information for 3468 Bowen Avenue
Stories1Residences4Year Built1925Building Size-Lot Size0.23 AC / 10,000 SF
Payment Calculator
$1,855 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,740
Property Taxes
$115
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3468 Bowen Avenue
Summary
Location and General Information
- Address: 3468 BOWEN AVE
- Address Search Number: 3468
- Directions: Travelling W on Summer Ave, take a right onto N Highland St, then a left onto Bowen Ave. The units will be on your right.
- Map Coordinate: B
- MLS Map Num: Midtown/Holmes
Taxes and HOA Information
- Hot Water: Gas, Public Water, Public Sewer
- LVT Date: 10-20-2023
Property
Lot Information
- Lot Size: 50X200
- Lot Num: W PT 13
- Parcel ID: 038040 00022
Property and Assessments
- Foundation: Slab, Conventional/Crawl Space
- Percent Occupancy: 50
- Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
- Roof: Composition
Interior Features
- Floors/Ceilings: Tile, Vinyl Floor
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 2
- Num of 2 Bedroom Units: 1
- Num of 3 Bedroom Units: 0
- Num of Efficiency Studio Units: 1
- Num of Buildings: 3
- Num Other Units: 0
- Annual Misc Income: $5,400
- Assumption: No Assumption
- Construction: Wood/Composition, Aluminum/Steel Siding, Vinyl Siding
- Cooling Systems: Central, 1 Window Unit per Unit, 2+ Window Units per Unit
- Existing Financing: Conventional Fixed
- Gross Potential Annl Rent: $37,000
- Heating Systems: Central, Gas
- Laundry: Common Laundry
- Miscellaneous Exterior: Sidewalks
- Operating Expenses: Management, Insurance, Some Utilities
- Parking Facility: Concrete
- Possession: At Closing, Tenants Rights
- Sale Includes: Building and Land
- Source Of Info: Owner, Leases, Rent Roll, P/L Statement
- Tenant Pays: Other (Call LA)
- Type Units: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1+ Baths
Property History for 3468 Bowen Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3468 Bowen Avenue
Taxable ValueLand$1,800Additions$20,760Total$22,560
Tax Record2022$1,374 ($115 / month)
Home Facts
Baths1Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtStories1Lot Size9,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated1975ZoningRU-1CountySHELBYAPN038-040- - -00022Fireplace TypeHas Fireplace
Schools near 3468 Bowen Avenue
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
Treadwell Elementary School PublicPK to 5 | ||
Treadwell Middle School Public6 to 8 | ||
Kingsbury High School Public9 to 12 | ||
Aurora Collegiate Academy CharterK 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 Memphis Metro Realty