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MLS#10215772
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHIGHLAND HEIGHTS BLK 14
NEIGHBORHOODMidtown-Holmes
Property Description
Multi-family 4-unit value-add asset located at 3468 Bowen Ave, Memphis, TN 38122. Property consists of a 2/1 unit (vacant), two 1/1 ADUs (occupied at $650 + $150 utilities each), and a studio unit nearly rehabbed. Units 3 and 4 are in the final stages of renovation. Overall condition is medium rehab, livable, with flooring and countertops needing replacement, siding requiring work, and the structure and electrical in good condition. Roof has ~7 years remaining, furnace age unknown. Occupancy includes month-to-month and vacant options allowing flexible leasing. Estimated ARV is $285,000, supported by renovated comps at 4113 Faxon Ave, 4028 Faxon Ave, and 3968 Tutwiler.
Property Features
Property Type: Multi Unit - Multiple
Roof Type: Built-Up
Stories: 1.1
Year Built: 1925
Feature Descriptions
Units: 4
Listed By / Shown By
Listed By
Agency Name: Fast Track Realty, LLC
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 523.33 per month $462.70 Principal & Interest $0.00 Property Tax (data not provided by mls) $60.64 Homeowner's Insurance
3468 Bowen Ave | MLS# 10215772
This multi-family property located at 3468 Bowen Ave, Memphis, TN 38122 is currently listed for sale with an asking price of $207,900. Search Midtown-holmes real estate on www.clcommercialrealestate.com today.