7
See all 7 photos
$199,900
Est. payment /mo
1,296 SqFt
Active
3468 BOWEN AVE Memphis, TN 38122
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other (See REMARKS)
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $154
Subdivision Highland Heights Blk 14
MLS Listing ID 10224308
Year Built 1925
Annual Tax Amount $1,790
Property Sub-Type Other (See REMARKS)
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!
Location
State TN
County Shelby
Area Midtown/Holmes
Interior
Heating Other (See Remarks)
Cooling 1 Window Unit per Unit, 2+ Window Units per Unit, Central
Flooring Tile, Vinyl Floor, Wood Laminate Floors
Laundry Common Laundry
Exterior
Parking Features Asphalt/Blacktop, Offsite/Street
Roof Type Shingle/Shake
Building
Story 1.1
Foundation Conventional/Crawl Space
Water Gas, Public Sewer, Public Water
Listed by Randall C Weatherall • Memphis Metro Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION