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Keystone Title Incorporated

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2 Rental Duplexes - Excellent income and location

Listing ID 23025244 | Updated 11 days ago

$137,000
Willing to negotiate
For Sale

2695 Milton Ave and 2699E&W Milton Ave
Memphis, TN 38111

5 beds, 5.50 baths
Duplex/Triplex

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Owner
Primary

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Bedrooms:5 Bathrooms:5.50 Floors:1.5 Square Footage:3178
Year Built:1923 School District:N/A Garage Size:0.0 Lot Size:15,000 Sq. Ft.
0.34 Acre(s)
Amenities:Carpeted Floors, Wood Floors, Appliances Included, Fenced Yard

These are two side by side Duplexes all rented at $1830 per month. Owned property since 1998. Total area shown is sum of all four apartments. Total approx yearly Memphis city and Shelby county taxes are $2500. Insurance yearly total $1500. Utilities approx $125 per month. Three apartments are in 8/10 condition and fourth in 6/10 condition (this one needs painting). All Outside painted in 2010. Have managed from out of state since purchase without any property manager. Significant rental potential increase with central air and TLC.

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