Joe Spake, Broker
InCity Realty
2298 Young Ave.
Memphis, TN 38104
Office: 901-214-5838
901-870-3440
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Listing 9 out of 92
$299,000 For Sale

1920 Nelson
Memphis, TN 38104

3 units | Multi Family Home - MLS# 10057457
Property Photo
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Description

100% rented as triplex, but there is room to increase the income by expanding by two more units with garage and basement apartments in this highly sought after area in Cooper Young. Please do not disturb tenants. Physical interior walk thru subject to signed contract.

Features

  • Property Type: Multi Family Home
  • Sub Type: Triplex
  • Listing Status: Active
  • County/Area: Shelby County
  • Zip Code: 38104
  • Year Built: 1924
  • Subdivision/Neighborhood: Cooper Young
  • Stories: 2-Story
  • Units: 3 units
  • Lot Size: 65.3/66.4 X 150
  • Area: 746K
  • # 1 Bedroom Units: 3
  • # Of Buildings: 2
  • Actual Annual Rent: 25800
  • Annual Insurance Expenses: 2000
  • Annual Misc Income: 200
  • Average Annual Utilities: 6000
  • Construction: Brick/Veneer,Wood/Composition,Storm Window(s)
  • Cooling Systems: 1 Window Unit per Unit,Individual Cooling
  • Floors/Ceilings: Hardwood Throughout,Tile,Plaster
  • Foundation: Full Basement,Unfinished Basement,Storage Area,Laundry Facility
  • Gross Potential Annl Rent: 60000
  • Heating Systems: House Systems
  • Hot Water: Public Water,Public Sewer
  • Laundry: Common Laundry
  • Lot #: 49andEPT48
  • Miscellaneous Exterior: Curbs/Gutters,Sidewalks,Chain Fence
  • Operating Expenses: Management,Insurance,Some Utilities,Taxes
  • Parking Facility: Concrete,Attached,Covered,Less Than 1 Per Unit
  • Percent Occupancy: 100
  • Roof: Composition
  • Sale Includes: Building and Land,Some Equipment
  • Tenant Pays: Some Utilities,Security Deposit
  • Total Stories: 2
  • Type Of Leases: None,Year
  • Type Units: 1 BR - 1 Bath
Courtesy of Crye-Leike, Inc., Realtors

Joe Spake, Broker
InCity Realty
TN Lic. #259388

Memphis, TN 38104
Joe@Spake.com
901-870-3440

Testimonials

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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