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Sold for $380,000 on 05/19/23
  • $380,000

    1201 College St., Memphis, TN 38106

    --beds
    --baths
    5,000sqft
    Apartment
    Built in 1965
    -- sqft lot
    $471,200 Zestimate®
    $76/sqft
    $1,077 Estimated rent

    What's special

    Wow - stuff like this just does NOT come up on the market often! 8 x 2-bed units, rehabbed and cashflowing with room to grow rents over the next 12-24 months! Check the photos out for rehab photos and shots of the building. Your Agent can also get you financials and an offering packet with more info so please reach out to them and learn more! Current monthly schedule rent is $3,970, 7/8 units occupied. Potential monthly rents are closer to $5500-6000, making this a KILLER opportunity!

    Zillow last checked: 7 hours ago

    Listing updated: May 22, 2023 at 03:28pm

    Listed by:

    Randall C Weatherall,

    Memphis Metro Realty

    Bought with:

    Alicia Taylor

    Emmett Baird Realty, LLC

    Source: MAAR,MLS#: 10141643MLS Logo

    Facts & features

    Interior

    Heating
    • Central, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater
    • Laundry: Connections
    Features
    • Flooring: Tile, Vinyl
    Interior area
    • Total interior livable area: 5,000 sqft

    Property

    Parking
    • Parking features: Attached, Gravel, Offsite/Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Dimensions: 90X150
    Details
    • Parcel number: 014030 00017
    • Zoning: RU-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick Veneer
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Memphis
    • Subdivision: Mctighe

    HOA & financial

    Other financial information
    • Total actual rent: 47640

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange
    Services availability