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Listed price in listed location currency (USD).
$1,295,000

000

MLS® 10231495

Overview

Key Facts

Type Apartment
Levels Residential Income
Size 27776 sqft
Garage 
Maintenance Fees 
Taxes 
Days Active 1
Approx. Age 1974
Avg. Price Per Sqft $46
MLS® Number 10231495

Property Address: 1707 Ontario Ave, Memphis, TN, 38127

Average square foot calculated using Size range provided by listing agent.

Description

16–25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1, 295, 000, approximately $80, 938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1, 695, 000—just $67, 800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. Owner/Agent
MLS® Number10231495
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1974
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral

Extras

Other (See REMARKS)

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