3468 Bowen Ave
Memphis, TN 38122
- – beds
- – baths
- – sqft
- 1925 build
- – on site
Investors, here is your chance to get a 4-unit complex in a HOT part of town - close to Summer Ave., Berclair, Midtown and a lot of jobs! This spot has had a huge come-up in the last few years, with new businesses, apartment buildings, and city betterment initiatives going on nearby. Get in while it's affordable and reap the rewards for years to come with a cashflowing property offered at a killer price! 4 units total, 1 eff., 2 x 1/1 units, and 1 x 2/1 unit with a common laundry. Anchor tenant in place that keeps the property looking good and clean. The two rear ADUs are occupied currently and the front duplex is vacant and ready for tenants. Current rents are $475+$100/month for rent and utilities. Other is $685+$123.25/mon. Market rents for vacant units is $750 and $850 per month with $100-125/unit utility billback in lease. 2 units are vacant because current owner does not like Sec. 8 - if you aim for thatt, they should be filled pretty quickly!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 17, 2024
•
MLS# 10183809 —
The Building
-
Construction:Aluminum/Steel Siding, Vinyl Siding, Wood/Composition
-
Type:Fourplex
-
Type Units:1 BR - 1 Bath, 2 BR - 1 Bath, Efficiency/Studio
-
Roof:Composition
-
Foundation:Raised, Slab
-
Floors/Ceilings:Tile, Hardwood Throughout, Vinyl Floor
-
# of Buildings:3
-
Total # of Units:4
Financial & Terms
-
New Financing:Conventional
Location
-
Map Coordinate:B
The Property
-
Area:751B
-
Zoning:RU-1
-
Land SqFt:10,000 Sqft
-
Lot #:W PT 13
-
Lot Size:50 Sqft
-
Miscellaneous Exterior:Sidewalks
Listing Agent
- Contact info:
- Agent phone:
- (731) 487-5843
- Office phone:
- (901) 352-6200
The Listing
-
Sale includes:Building and Land
Heating & Cooling
-
Heating Systems:Central, Gas, Wall Heat
-
Cooling Systems:1 Window Unit per Unit, 2+ Window Units per Unit, Central
Utilities
-
Hot Water:Public Sewer, Public Water
-
Laundry:Common Laundry
Parking
-
Parking Facility:Gravel
Extra Units
-
# of Efficiency/Studio Units:1
-
1 Bedroom Units:2
-
2 Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/23/24
Oct 23, 2024
|
Listed / Active | MAARMLS | $250,000 | -6.7% (-4.3% / YR) |
|
3/29/23
Mar 29, 2023
|
MAARMLS | $268,000 | ||
|
3/22/23
Mar 22, 2023
|
MAARMLS |
