966 Leon Place
966 Leon Place
$286,000
—
3,456
3,456
$83
Closed 1/31/22
Description
Great opportunity for investors! This is a five-unit apartment complex just minutes from the heart of Downtown Memphis and midtown. This apartment building is completely leased out. The apartment generates $34,200 gross rent annually. It could easily be generating more once the leases are up. the apartments are renovated on the inside. The new tenant's lease is for $650/mo. The old leases are still at $550/ mo. Please do not disturb tenants.Great opportunity for investors! This is a five-unit apartment complex just minutes from the heart of Downtown Memphis and midtown. This apartment building is completely leased out. The apartment generates $34,200 gross rent annually. It could easily be generating more once the leases are up. the apartments are renovated on the inside. The new tenant's lease is for $650/mo. The old leases are still at $550/ mo. Please do not disturb tenants.
- Listed by Jabari Bailey • The Bailey Company Realty, Inc
Property Details for 966 Leon Place
Area
741D
MAAR Subdivision NameRALSTON
Legal Subdivision NameRALSTON
Location
LISTING UPDATED: 02/02/2022 02:50 PM
Property Details for 966 Leon Place
Status | Closed |
---|---|
MLS # | 10111937 |
Days on Market | 10 |
Taxes | $684 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Apartment Building |
Year Built | 1952 |
Lot Size | 25.18 AC / 1,096,811 SF |
County | Shelby County |
Location
Building Information for 966 Leon Place
Stories1Residences5Year Built1952Building Size-Lot Size25.18 AC / 1,096,811 SF
Payment Calculator
$1,618 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 966 Leon Place
Property History for 966 Leon Place
Date | Event & Source | Price | Appreciation |
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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.
Public Records for 966 Leon Place
Taxable ValueLand$5,000Additions$36,120Total$41,120
Tax Record2022$2,505 ($209 / month)
Home Facts
Baths1Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories1Lot Size12,502 SqFtStyleMulti-Family Res (5+ Units)Year Built1952Year Renovated1970ZoningR-6CountySHELBYAPN021-005- - -00020Fireplace TypeHas Fireplace
Schools near 966 Leon Place
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Memphis Scholars Caldwell-Guthrie CharterK to 5 | ||
Humes Preparatory Academy Middle School Charter6 to 8 | ||
Manassas High School Public9 to 12 | ||
Caldwell-Guthrie 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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