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519 SIMPSON AVE Memphis, TN 38106
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Key Details
Sold Price $326,000
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Subdivision Trigg
MLS Listing ID 10194705
Sold Date 05/19/25
Year Built 1959
Annual Tax Amount $1,280
Property Sub-Type Apartment Complex
Property Description
Investor's Dream! Don't miss out on this six-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom. Can potentially generate $7,080 in monthly rental income, with section 8 tenants. Each unit has its own electric meter, keeping expenses streamlined.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Wall Heat
Cooling Individual Cooling
Flooring Tile
Equipment Other (See REMARKS)
Laundry None
Exterior
Parking Features Concrete
Roof Type Shingle/Shake
Building
Foundation Conventional/Crawl Space, Slab
Water Public Sewer, Public Water Available
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Sandra Villamil • Keller Williams Realty