Joe Spake, Broker
InCity Realty
2298 Young Ave.
Memphis, TN 38104
Office: 901-214-5838
901-870-3440
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Listing 16 out of 559
$995,000 New For Sale

1936 Kansas
Memphis, TN 38109

50 units | Multi Family Home - MLS# 10061510
Property Photo
1/18

Description

This 50 unit offering is a major rehab project consisting of 2 properties located at 1936 and 1970 Kansas that are to be sold together. Each unit is 1br and 1 ba. The total scheduled monthly income is 19910.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment Building
  • Listing Status: Active
  • County/Area: Shelby County
  • Zip Code: 38109
  • Year Built: 1954
  • Subdivision/Neighborhood: Kansas Park Subdivision
  • Stories: 1-Story
  • Units: 50 units
  • Lot Size: 169755
  • Area: 747A
  • # 1 Bedroom Units: 50
  • # Of Buildings: 1
  • Actual Annual Rent: 203082
  • Annual Insurance Expenses: 12400
  • Annual Operating Expenses: 74268
  • Average Annual Utilities: 9552
  • Construction: Brick/Veneer
  • Cooling Systems: 1 Window Unit per Unit
  • Floors/Ceilings: Vinyl Floor
  • Foundation: Slab
  • Gross Potential Annl Rent: 238920
  • Heating Systems: Central
  • Hot Water: Gas
  • Improved Sqft: 26250
  • Land Sqft: 169755
  • Leaseable Sqft: 26250
  • Operating Expenses: Insurance,Some Utilities,Repairs/Maintenance,Taxes
  • Parking Facility: Asphalt/Blacktop
  • Percent Occupancy: 46
  • Roof: Shingle/Shake
  • Sale Includes: Building and Land
  • Tenant Pays: Some Utilities
  • Total Stories: 1
  • Type Units: 1 BR - 1 Bath
Courtesy of Crye-Leike Commercial

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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