1441 Eastmoreland Avenue, Unit 3
Memphis, TN 38104
$465,000
Price
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Beds
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Description
Building with 3 units in desirable Central Gardens. Close to everything! Strong rental history with happy, long-term tenants. Two units with 2 bedrooms down and one unit with 3 bedrooms upstairs. Two of the units have been recently renovated. Each unit features all appliances, central heat & air, in-suite washer/dryer, original hardwood floors, a spacious front porch, and convenient parking in the rear. Tall ceilings + lots of midtown charm. New roof 2021. Tenants pay all utilities + the low expenses...Building with 3 units in desirable Central Gardens. Close to everything! Strong rental history with happy, long-term tenants. Two units with 2 bedrooms down and one unit with 3 bedrooms upstairs. Two of the units have been recently renovated. Each unit features all appliances, central heat & air, in-suite washer/dryer, original hardwood floors, a spacious front porch, and convenient parking in the rear. Tall ceilings + lots of midtown charm. New roof 2021. Tenants pay all utilities + the low expenses make this a great cash flowing property. Current gross rent: $4,050. Please DO NOT disturb tenants. Drive-by only!
- Listed by Andrea Hayes • Marx-Bensdorf, REALTORS
Property Details for 1441 Eastmoreland Avenue, Unit 3
Area
746G
MAAR Subdivision NameCENTRAL GARDENS
Legal Subdivision NameMEACHAM RE BLK 23
LISTING UPDATED: 11/07/2024 12:41 PM
Property Details for 1441 Eastmoreland Avenue, Unit 3
| Status | Active |
|---|---|
| MLS # | 10184699 |
| Days on Market | 46 |
| Taxes | $5,989 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Triplex |
| Year Built | 1922 |
| Lot Size | 0.17 AC / 7,500 SF |
| County | Shelby County |
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Building Information for 1441 Eastmoreland Avenue, Unit 3
Stories2Residences3Year Built1922Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 1441 Eastmoreland Avenue, Unit 3
Summary
Location and General Information
- Address: 1441 EASTMORELAND AVE
- Address Search Number: 1441
- Directions: West on Union, Turn left-South in Watkins St. Turn Left on Eastmoreland.
- Geo Match Code: 0
- Geo Matched Method: 0
- Geo Quality: .95
- Geo Update Timestamp: 11-06-2024
- Geo Zoom Level: 16.00
- Map Coordinate: G
- MLS Map Num: Central Gardens
Taxes and HOA Information
- Hot Water: Gas, Public Water, Public Sewer
- LVT Date: 11-06-2024
- Annual Insurance Expenses: $1,912
Virtual Tour
- Unbranded Virtual Tour: http://view.paradym.com/4894750/sk/301
Property
Lot Information
- Lot Size: 50X150
- Lot Num: N PT 9
- Parcel ID: 016017 00003
Property and Assessments
- Amenities: Balcony/Patio
- Foundation: Conventional/Crawl Space, Partial Basement
- Percent Occupancy: 66
- Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
- Roof: Shingle/Shake
Interior Features
- Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Microwave, Smoke Detector(s)
- Floors/Ceilings: Hardwood Throughout, Tile, Plaster, 9 Ft or More
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 2
- Num of 2 Bedroom Units: 3
- Num of 3 Bedroom Units: 2
- Num of Efficiency Studio Units: 3
- Num of Buildings: 1
- Num Other Units: 0
- Annual Misc Income: $1,440
- Assumption: No Assumption
- Average Annual Utilities: $1,080
- Construction: Brick, Stucco
- Cooling Systems: Central, 220 Wiring
- Existing Financing: Clear
- Gross Potential Annl Rent: $48,600
- Heating Systems: Central, Gas, Individual Systems
- Laundry: Dryer in Unit, Washer in Unit
- Miscellaneous Exterior: Sidewalks, Some Landscaping, Wood Fence, Ceiling Fan(s)
- Operating Expenses: Management, Insurance, Repairs/Maintenance, Taxes, Advertising
- Parking Facility: Concrete, More Than 1 Per Unit
- Possession: At Closing
- Sale Includes: Building and Land, All Appliances
- Source Of Info: Leases, Rent Roll
- Tenant Pays: All Utilities, Lawn Maintenance, Security Deposit
- Type Units: 2 BR - 1 Bath, 3 BR - 1 Bath
Property History for 1441 Eastmoreland Avenue, Unit 3
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1441 Eastmoreland Avenue, Unit 3
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Bruce Elementary School PublicPK to 5 | ||
Bellevue Junior High School Public6 to 8 | ||
Central High School Public9 to 12 | ||
Memphis Academy Of Science Engineering Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Marx-Bensdorf, REALTORS