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$ 895,000
Est. payment /mo
Active
1616 MONROE AVE Memphis, TN 38104
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Building
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $223
Subdivision Ingleside
MLS Listing ID 10224276
Year Built 1960
Annual Tax Amount $12,749
Property Sub-Type Apartment Building
Property Description
This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please
Location
State TN
County Shelby
Area Central Gardens
Interior
Heating Central
Cooling Central
Flooring Tile
Equipment Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave
Laundry Dryer in Unit, Washer in Unit
Exterior
Parking Features Asphalt/Blacktop
Roof Type Pitched
Building
Story 2
Foundation Slab
Water Electrical
Others
Miscellaneous Partically Fenced
Listed by Jeffrey B Moore • Crye-Leike Commercial