BEDS4
BATHS
MLS#10224308
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHIGHLAND HEIGHTS BLK 14
NEIGHBORHOODMidtown-Holmes
Property Description
3 of 4 units rented! Rent is $650/month for all units, plus each tenant pays $150/month towards utilities. The property is a duplex up front (Units 1 and 2) with two ADUs in the rear (3 & 4). Unit 4 was just rehabbed and is ready for leasing now. Unit 3 was just rehabbed when the tenant moved out last year according to owner. Units 1 & 2 were done in 2023 and 2024, so it's ready for several years of profitable ownership for you! Seller is selling to move funds to local market. No seller financing/assignable offers will be accepted. This 4-unit property is located just off of Summer Ave and Sam Cooper Blvd, just E of Midtown - it is proving to be a fantastic area for investors, with stable tenants for the price range, and nice room for appreciation. Small multifamily is rare here, so consider this one if you're interested at all! There may not be another chance for a while once it's gone!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central,1 Window Unit per Unit,2+ Window Units per
Roof Type: Shingle/Shake
Stories: 1.1
Year Built: 1925
Feature Descriptions
Days on Site: 3
Floors/ Ceilings: Tile, Vinyl Floor, Wood Laminate Floors
Units: 4
Listed By / Shown By
Listed By
Agency Name: Memphis Metro Realty
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 503.19 per month $444.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $58.30 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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3468 Bowen Ave | MLS# 10224308
This multi-family property located at 3468 Bowen Ave, Memphis, TN 38122 is currently listed for sale with an asking price of $199,900. Search Midtown-holmes real estate on www.clhomes.com today.