147 STONEWALL ST, Memphis, TN, 38104, US
$1,550,000
Active
Specification
| Type | Apartment Building |
| MLS # | 10170194 |
| Heating | Central |
| Parking | Concrete |
| Publication date | Apr 30, 2024 |
| Lot size | 90 acres |
| Subdivision | N W SPEERS |
| Year built | 1963 |
Updated: Apr 26, 2024
ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy. Helpful docs in the docs page including cash flows, rent roll, CapEx, etc. Showing occupied units with accepted offer.
Valuation
| Gross Rental Income | $151,200 |
ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy. Helpful docs in the docs page including cash flows, rent roll, CapEx, etc. Showing occupied units with accepted offer. Read more
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