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$1,450,000
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UPDATED:
06/03/2022 06:54 PM
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Complex
Listing Status Pending
Purchase Type For Sale
Subdivision South Memphis Land Co
MLS Listing ID 10123510
Year Built 1954
Annual Tax Amount $8,171
Property Description
Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Electrical, Individual Systems
Cooling Electrial, Individual Cooling
Flooring Vinyl Floor
Laundry Common Laundry
Exterior
Parking Features 1 Per Unit, Concrete, Gravel
Roof Type Composition
Building
Foundation Laundry Facility, Slab
Water Electrical, Individual System
Others
Miscellaneous Sidewalks,Wood Fence,Security Gate
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Listed by Jacob Laurence • Keller Williams
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