TN > Memphis > Lane
Memphis, TN 38105,374 N DUNLAP ST
Memphis, TN 38105,374 N DUNLAP ST
Memphis, TN 38105,374 N DUNLAP ST
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Found It Team

Found It Team

+1(800) 790-7576
$535,000
Est. payment /mo
5,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Condo

Sub Type Apartment Building

Listing Status Pending

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $107

Subdivision Lane

MLS Listing ID 10184186

Year Built 1959

Annual Tax Amount $1,792

Property Sub-Type Apartment Building

Property Description

Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.

Location

State TN

County Shelby

Area Harbor Town/Downtown

Interior

Heating Electrical, Other (See Remarks)

Cooling Electrial, Other (See Remarks)

Flooring Tile, Wood Laminate Floors

Equipment Range/Oven (Freestanding), Refrigerator, Smoke Detector(s)

Laundry None

Exterior

Parking Features Gravel, Offsite/Street

Roof Type Composition

Building

Story 1

Foundation Slab

Water Electrical

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Listed by Jessica Sewell • Prime Real Estate Group
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