1616 MONROE AVE, Memphis, TN 38104
1616 MONROE AVE, Memphis, TN 38104
1616 MONROE AVE, Memphis, TN 38104
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$895,000
Est. payment /mo
4,000 SqFt
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Key Details

Property Type Multi-Family, Condo

Sub Type Apartment Building

Listing Status Pending

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $223

Subdivision Ingleside

MLS Listing ID 10224276

Year Built 1960

Annual Tax Amount $12,749

Property Sub-Type Apartment Building

Property Description

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryers—amenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please

Location

State TN

County Shelby

Area Central Gardens

Interior

Heating Central

Cooling Central

Flooring Tile

Equipment Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave

Laundry Dryer in Unit, Washer in Unit

Exterior

Parking Features Asphalt/Blacktop

Roof Type Pitched

Building

Story 2

Foundation Slab

Water Electrical

Others

Miscellaneous Partically Fenced


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Listed by Jeffrey B Moore • Crye-Leike Commercial

Nearby Locations

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Larrian Currie

Larrian Currie

+1(901) 690-5071

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