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Carmen Prince

Crye-Leike Realtors
Atoka, TN 38004
Direct: 901-848-2277
Office: 901-840-1181
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TN RE # 00294526

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Listing 4 out of 1,621
$2,628,000 For Sale

1070 Poplar
Memphis, TN 38105

72 units | Multi Family Home - MLS# 10042382
Property Photo
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Description

This 72 unit building is located near the Midtown Medical Center. The building consist of 68-2br and 4-1br units, and is currently 25% occupied and is in the process of being rehabbed. The total scheduled monthly income is 43000. Drive by only. Please do not disturb residents. Inspection contingent upon acceptable offer.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment Building
  • Listing Status: Active
  • County/Area: Shelby County
  • Zip Code: 38105
  • Year Built: 1966
  • Subdivision/Neighborhood: Harvey
  • Units: 72 units
  • Lot Size: 144.83/111.75 X 671.5 IRR/671.5
  • Area: 741E
  • # 1 Bedroom Units: 4
  • # 2 Bedroom Units: 68
  • # Of Buildings: 1
  • Actual Annual Rent: 438600
  • Annual Insurance Expenses: 17855
  • Annual Operating Expenses: 285044
  • Appliances/Equipment: Refrigerator,Range/Oven (Freestanding)
  • Average Annual Utilities: 29376
  • Construction: Brick/Veneer
  • Cooling Systems: Central
  • Floors/Ceilings: Vinyl Floor
  • Foundation: Slab
  • Gross Potential Annl Rent: 516000
  • Heating Systems: Central
  • Hot Water: Electrical
  • Improved Sqft: 48800
  • Land Sqft: 39902
  • Lot #: 2
  • Operating Expenses: Management,Insurance,Some Utilities,Repairs/Maintenance
  • Parking Facility: Asphalt/Blacktop
  • Percent Occupancy: 25
  • Roof: Shingle/Shake
  • Sale Includes: Building and Land,Some Appliances
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath,2 BR - 1 Bath
Courtesy of Crye-Leike Commercial, Jeffrey Moore, 901-758-5670


Carmen Prince, Broker
Crye-Leike Realtors
13690 Highway 51 S.
Atoka, TN 38004
Direct: 901-848-2277
Office: 901-840-1181
Email: carmen@carmenprince.com
TN RE # 00294526

Testimonials

Being a military relocation, we have moved several times in my career. I had the recent pleasure of Carmen being my Realtor. She is experienced and very knowledgeable from negotiations to timelines in a Military move. My wife and I highly recommend her services. Mike & Gail, Atoka, TN
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