3970 Southlawn Ave
Memphis, TN 38111
- – beds
- – baths
- – sqft
- 1965 build
- – on site
Some Owner Financing available. Offered along with 3969 Southlawn (6 Unit Next Door) - 3970 Southlawn presents a 5-unit apartment building within walking distance to both UofM campuses. 5 of 5 units renovated. All units are 2 bed 1 bath, one of which being a two-story townhome. Central heat/air. Current rent roll $4,490 (one unit listed for rent) with a market potential rent of $6,050 (per 2024 published HUD rents for 38111). Combined rent roll with both properties is $9,090 with a market potential of $13,030. Add these 11 units to your portfolio today!
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Last updated Nov 24, 2024
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MLS# 10184193 —
The Building
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Construction:Brick
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Type:Apartment Building
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Type Units:2 BR - 1 Bath
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Roof:Shingle/Shake
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Foundation:Slab
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Floors/Ceilings:Tile, Hardwood Throughout, Partial Carpet
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# of Buildings:1
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Total # of Units:5
Financial & Terms
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New Financing:Other (Call LA)
Location
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Map Coordinate:C
The Property
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Area:758C
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Lot #:2
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Lot Size:8,712 Sqft
Listing Agent
- Contact info:
- Agent phone:
- (501) 765-4833
- Office phone:
- (901) 435-3801
The Listing
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Sale includes:All Appliances, Building and Land, All Equipment, All Furnishings
Heating & Cooling
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Heating Systems:Central
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Cooling Systems:Central
Utilities
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Hot Water:Gas
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Laundry:Washer in Unit
Parking
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Parking Facility:Asphalt/Blacktop
Extra Units
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2 Bedroom Units:5
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/30/24
Oct 30, 2024
|
Listed / Active | MAARMLS | $485,000 | 17.6% |
|
10/29/24
Oct 29, 2024
|
MAARMLS | $412,371 |
