3969 Southlawn Avenue

Memphis, TN 38111

$535,000
Price
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Beds
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per Sq. Ft.

New

New

View of property
Interior space
View of property
Laundry room featuring washer hookup, dark wood-type flooring, hookup for an electric dryer, sink, and cabinets
Spare room featuring a textured ceiling and dark hardwood / wood-style floors
Full bathroom with vanity, toilet, shower combination, and hardwood / wood-style floors

Description

Offered along with 3970 Southlawn (5 Unit Next Door) - 3969 Southlawn presents a 100% occupied 6-unit apartment building within walking distance to both UofM campuses. 4 of 6 units renovated. Central heat/air. Current rent roll $4,600 (one unit listed for rent) with a market potential of $6,980 (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!Offered along with 3970 Southlawn (5 Unit Next Door) - 3969 Southlawn presents a 100% occupied 6-unit apartment building within walking distance to both UofM campuses. 4 of 6 units renovated. Central heat/air. Current rent roll $4,600 (one unit listed for rent) with a market potential of $6,980 (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!
  1. Listed by Reed Rickenbach • Diversified Real Estate

Property Details for 3969 Southlawn Avenue

Area
758C
MAAR Subdivision Name
SOUTHLAWN COMMERCIAL
Legal Subdivision Name
SOUTHLAWN COMMERCIAL
LISTING UPDATED: 10/30/2024 01:59 PM

Property Details for 3969 Southlawn Avenue

StatusActive
MLS #10184191
Days on Market2
Taxes$2,668 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1965
Lot Size0.22 AC / 9,474 SF
CountyShelby County

Building Information for 3969 Southlawn Avenue

Stories-Residences6Year Built1965Building Size-Lot Size0.22 AC / 9,474 SF

Property Information for 3969 Southlawn Avenue

Summary
Location and General Information
  • Address: 3969 SOUTHLAWN AVE
  • Address Search Number: 3969
  • Directions: North on Getwell, East on Southlawn
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 10-30-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: C
  • MLS Map Num: Getwell/Park
Taxes and HOA Information
  • Hot Water: Gas
  • LVT Date: 10-30-2024
Property
Lot Information
  • Lot Size: 9474
  • Lot Num: 1
  • Parcel ID: 058116 00002
Property and Assessments
  • Foundation: Slab
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Floors/Ceilings: Hardwood Throughout, Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 2
  • Num of 2 Bedroom Units: 4
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Other (See Remarks)
  • Cooling Systems: Central
  • Existing Financing: Conventional Fixed
  • Heating Systems: Central
  • Laundry: Dryer in Unit, Washer in Unit
  • Operating Expenses: Insurance, Repairs/Maintenance, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: All Appliances, All Furnishings, Building and Land
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 3969 Southlawn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3969 Southlawn Avenue

Taxable ValueLand$11,360Additions$32,440Total$43,800
Tax Record2023$2,668 ($222 / month)
Home Facts
Baths1Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtStories1Lot Size9,453 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningCMU-1CountySHELBYAPN058-116- - -00002Fireplace TypeHas Fireplace

Schools near 3969 Southlawn Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
South Park Elementary School
Public - PK to 5
Colonial Middle School
Public - 6 to 8
Overton High School
Public - 9 to 12
University Middle
Public - 6 to 8
Rating
School
Distance
South Park Elementary School
PublicPK to 5

Colonial Middle School
Public6 to 8

Overton High School
Public9 to 12

University Middle
Public6 to 8

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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More information about 3969 Southlawn Avenue, Memphis, TN 38111

3969 Southlawn Avenue is a multi-family home for sale in Memphis, TN 38111. This property was listed for sale on October 30, 2024 by Diversified Real Estate, it's currently listed at $535,000. It has been on the market for a total of 2 days and was last sold on February 23, 2023. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include South Park Elementary School, Colonial Middle School and Overton High School. 3969 Southlawn Avenue is a 0-bed, 0-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Diversified Real Estate