1531 COURT AVE

Memphis, TN 38104
$370,000
Very solid multi-family investment opportunity in 38104! This property is currently configured & operating as a triplex, though it is zoned as a duplex, presenting a unique opportunity for investors. The 1st unit features 2 beds/2 baths, the 2nd unit offers 2 beds/1 bath, and the 3rd unit includes 1Read MoreRead Less
Courtesy of Jordan Ray, eXp Realty, LLC, 901-505-0756.
Listing Snapshot
Days Online
96
Last Updated
Property Type
Triplex
Year Built
1910
MLS Number
10215994
30 Days Snapshot Of 38104
$340k
+2%
(avg) sold price
24
+26%
homes sold
91
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
AMENITIES: Balcony/Patio, Wallpaper, Drapes/Curtains, Maid Service
Appliances & Equipment
APPLIANCES / EQUIPMENT: Refrigerator, Range/Oven (Freestanding), Cooktop/Wall Oven, Disposal, Exhaust Fan/Vent Hood, Microwave, Smoke Detector(s)
Building
# of Buildings: 1, # of Stories: 2.5, CONSTRUCTION: Vinyl Siding, Leaseable SqFt: 2580, Square Feet: 2580, Total # of Units: 3, Year Built: 1910
Cooling
COOLING SYSTEMS: 2+ Window Units per Unit, Central
Expenses
OPERATING EXPENSES: Management, Insurance, All Utilities, Trash Collection, Repairs/Maintenance, Taxes, License/Permits, Accounting/Legal, Services, Payroll, Advertising, Other (Call LA)
Exterior Features
MISCELLANEOUS EXTERIOR: Sidewalks, Professional Landscaping, Ceiling Fan(s), Historic District
Floors
FLOORS/CEILINGS: Hardwood Throughout, Tile, Vinyl Floor, Dry Wall
Foundation
FOUNDATION: Conventional/Crawl Space, Partial Basement
Water Features
HOT WATER: Public Sewer, Public Water
Heating
HEATING SYSTEMS: Central
Income
Gross Potential Annl Rent: $65,670
Laundry
LAUNDRY: Washer in Unit
Lot
Land SqFt: 7710, Lot Size: 50X155
Parking
PARKING FACILITY: Gravel
Roof
ROOF: Composition, Pitched
Taxes
Annual City Tax: $3,809, Annual County Tax: $3,970
Tenant Pays
TENANT PAYS: Security Deposit, Other (Call LA)
Unit One
# 1 Bedroom Units: 1
Unit Two
# 2 Bedroom Units: 2
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