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!
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
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#: 10141643

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