3969 Southlawn Avenue
3969 Southlawn Avenue
Memphis, TN 38111
$539,000
Price
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Description
$89k/Unit for this East Memphis 6-Unit! Property is located 2.4 miles from University of Memphis. Fully occupied and bringing in $4,400 per month with a proforma/potential rent of $5,500+. $85k+ in capital improvements in the last 24 months to include: Interior Renovation, New Roof, Perimeter Fence, HVAC, Exterior Lighting, Tree Removal & more. Tenants pay all utilities other than water. Do not disturb tenants. Accepted offer needed before touring.$89k/Unit for this East Memphis 6-Unit! Property is located 2.4 miles from University of Memphis. Fully occupied and bringing in $4,400 per month with a proforma/potential rent of $5,500+. $85k+ in capital improvements in the last 24 months to include: Interior Renovation, New Roof, Perimeter Fence, HVAC, Exterior Lighting, Tree Removal & more. Tenants pay all utilities other than water. Do not disturb tenants. Accepted offer needed before touring.
- Listed by Reed Rickenbach • Diversified Real Estate
Property Details for 3969 Southlawn Avenue
Area
758C
MAAR Subdivision NameSOUTHLAWN COMMERCIAL
Legal Subdivision NameSOUTHLAWN COMMERCIAL
Location
Listing Courtesy of Diversified Real Estate
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LISTING UPDATED: 04/15/2024 08:35 AM
Property Details for 3969 Southlawn Avenue
| Status | Active |
|---|---|
| MLS # | 10170065 |
| Days on Market | 18 |
| Taxes | $2,668 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment Building |
| Year Built | 1965 |
| Lot Size | 0.22 AC / 9,474 SF |
| County | Shelby County |
Location
Listing Courtesy of Diversified Real Estate
Add your commute
Building Information for 3969 Southlawn Avenue
Stories-Residences6Year Built1965Building Size-Lot Size0.22 AC / 9,474 SF
Payment Calculator
$3,164 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,942
Property Taxes
$222
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3969 Southlawn Avenue
Summary
Location and General Information
- Address: 3969 SOUTHLAWN AVE
- Address Search Number: 3969
- Directions: North on Getwell, East on Southlawn
- Map Coordinate: C
- MLS Map Num: Getwell/Park
Taxes and HOA Information
- Hot Water: Electrical
- LVT Date: 04-15-2024
Property
Lot Information
- Lot Size: 9474
- Lot Num: 1
- Parcel ID: 058116 00002
Property and Assessments
- Foundation: Slab
- 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: 2
- Num of 2 Bedroom Units: 4
- Num of 3 Bedroom Units: 0
- Num of Efficiency Studio Units: 0
- Num of Buildings: 1
- Num Other Units: 0
- Assumption: No Assumption
- Construction: Brick/Veneer
- Cooling Systems: Central
- Existing Financing: Conventional Fixed
- Heating Systems: Central
- Laundry: Connections
- Operating Expenses: Repairs/Maintenance, Some Utilities, Taxes
- Parking Facility: Asphalt/Blacktop
- Possession: Tenants Rights
- Sale Includes: All Appliances, All Equipment, All Furnishings, Building and Land
- Source Of Info: Owner
- Tenant Pays: Some Utilities
- Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath
Property History for 3969 Southlawn 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 3969 Southlawn Avenue
Taxable ValueLand$11,360Additions$32,440Total$43,800
Tax Record2022$2,668 ($222 / month)
Home Facts
Baths1Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtStories1Lot Size9,453 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningCMU-1CountySHELBYAPN058-116- - -00002Fireplace TypeHas Fireplace
Schools near 3969 Southlawn 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 |
|---|---|---|
South Park Elementary School PublicPK to 5 | ||
Colonial Middle School Public6 to 8 | ||
Overton High School Public9 to 12 | ||
Leadership Preparatory Charter School 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 Diversified Real Estate