Joe Spake, Broker
InCity Realty
2298 Young Ave.
Memphis, TN 38104
Office: 901-214-5838
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Listing 80 out of 465
$240,000 For Sale

159 N Belvedere
Memphis, TN 38104

5 units | Multi Family Home - MLS# 10052756
Property Photo


Great addition to any investor's portfolio in the heart of Midtown Memphis. Currently leases as a 5 unit bldg (4 - 1br units / 1 efficiency unit) parking area in the rear, rare for a Midtown complex!!! Great find for a value add property with opportunity for increase revenue. CASH OFFERS ONLY.


  • Property Type: Multi Family Home
  • Sub Type: Apartment Building
  • Listing Status: Active
  • County/Area: Shelby County
  • Zip Code: 38104
  • Year Built: 1912
  • Subdivision/Neighborhood: Mosby
  • Stories: 2-Story
  • Units: 5 units
  • Lot Size: 50 X 246.5
  • Area: 746B
  • # 1 Bedroom Units: 4
  • # Efficiency/Studio Units: 1
  • # Of Buildings: 2
  • Actual Annual Rent: 27360
  • Annual Insurance Expenses: 1975
  • Annual Operating Expenses: 4500
  • Average Annual Utilities: 800
  • Construction: Brick,Stucco,Other (See Remarks)
  • Cooling Systems: 1 Window Unit per Unit,Other (See Remarks)
  • Floors/Ceilings: Hardwood Throughout,Tile,Other (See Remarks)
  • Foundation: Partial Basement,Other (See Remarks)
  • Gross Potential Annl Rent: 35000
  • Heating Systems: Central,Other (See Remarks)
  • Hot Water: Other (See REMARKS)
  • Land Sqft: 12325
  • Leaseable Sqft: 3230
  • Lot #: N PT 14
  • Operating Expenses: Management,Other (Call LA)
  • Parking Facility: Gravel,Offsite/Street
  • Percent Occupancy: 80
  • Roof: Composition,Other (See REMARKS)
  • Sale Includes: Building and Land
  • Tenant Pays: Other (Call LA)
  • Total Stories: 2
  • Type Of Leases: Other (Call LA)
  • Type Units: Efficiency/Studio,1 BR - 1 Bath
Courtesy of Dreamteam Realty Co

Joe Spake, Broker
InCity Realty
TN Lic. #259388

Memphis, TN 38104


Thanks, Joe for being such a great help in buying our condo! If you are considering buying or selling in Memphis, give Joe Spake a try. He knows what he is doing, knows all the people, knows all the tricks, and is very honest with you. Sometimes telling you things you may not want to hear. Joe  makes the buying process easy, explains every detail along the way, so you know exactly where you are in the process. Thanks again, Joe! dwaynebutcher
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