BEDS23
BATHS
MLS#10218077
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHARVEY
NEIGHBORHOODHarbor Town-Downtown
Property Description
Great investment opportunity! Gated Delmar-Lema Village with 23 units near the Medical District. 7% pro forma cap rate. 1 bed/1 bath units with extensive capital improvements: LVP flooring, interior paint, new plumbing, stainless steel appliances, central heat and A/C, and more. All exteriors have fresh paint and newer roofing. Entire perimeter is fenced with solar powered double entry security gate installed at the entrance. Just blocks from the VA Medical Center, LeBonheur Children's Hospital, Regional One, and close to downtown Memphis. Surrounding area is currently being revitalized with many new & upcoming developments. Seller financing will be considered.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central
Roof Type: Composition
Year Built: 1912
Feature Descriptions
Days on Site: 137
Floors/ Ceilings: Vinyl Floor
Units: 23
Listed By / Shown By
Listed By
Agency Name: Myers Cobb Realtors, LLC
Agency Phone: 901-552-4036
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 2,894.82 per month $2,559.40 Principal & Interest $0.00 Property Tax (data not provided by mls) $335.42 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1044 Delmar Ave | MLS# 10218077
This multi-family property located at 1044 Delmar Ave, Memphis, TN 38105 is currently listed for sale with an asking price of $1,150,000. Search Harbor Town-downtown real estate on www.clhomes.com today.