3970 Southlawn Avenue

Memphis, TN 38111

$485,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
View of building exterior
View of patio
Spare room featuring dark wood-type flooring
Hall featuring a textured ceiling and dark hardwood / wood-style floors
Laundry room with dark wood-type flooring, sink, cabinets, and washer / dryer
Kitchen with sink, dark hardwood / wood-style floors, a textured ceiling, white appliances, and white cabinets
Carpeted spare room with a textured ceiling
Empty room featuring dark colored carpet, ceiling fan, and a textured ceiling
Full bathroom with tile patterned floors, shower / bath combination, a textured ceiling, toilet, and tile walls
View of yard

Description

5-unit apartment building for sale near UofM! Property has 5 fully upgraded units (to include new appliances, vinyl floor, new HVAC). 4 of 5 units occupied and tenants are current. 5th unit is being held vacant for showings to potential buyers only. Current rent roll is $4,240 with a potential rent of $6,050. Current management can stay in place. Add this asset to your portfolio today!5-unit apartment building for sale near UofM! Property has 5 fully upgraded units (to include new appliances, vinyl floor, new HVAC). 4 of 5 units occupied and tenants are current. 5th unit is being held vacant for showings to potential buyers only. Current rent roll is $4,240 with a potential rent of $6,050. Current management can stay in place. Add this asset to your portfolio today!
  1. Listed by Reed Rickenbach • RE PROS LLC

Property Details for 3970 Southlawn Avenue

Area
758C
MAAR Subdivision Name
PHILPOTS GETWELL
Legal Subdivision Name
PHILPOTS GETWELL
LISTING UPDATED: 01/02/2025 09:51 AM

Property Details for 3970 Southlawn Avenue

StatusActive
MLS #10187235
Days on Market3
Taxes$3,872 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1965
Lot Size0.20 AC / 8,712 SF
CountyShelby County

Building Information for 3970 Southlawn Avenue

Stories-Residences5Year Built1965Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 3970 Southlawn Avenue

Summary
Location and General Information
  • Address: 3970 SOUTHLAWN AVE
  • Address Search Number: 3970
  • Directions: North on Getwell, East on Southlawn
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 12-30-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: C
  • MLS Map Num: Getwell/Park
Taxes and HOA Information
  • Hot Water: Gas
  • LVT Date: 12-30-2024
Property
Lot Information
  • Lot Size: 8712
  • Lot Num: 2
  • Parcel ID: 058121 00025
Property and Assessments
  • Foundation: Slab
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 5
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Brick/Veneer
  • Cooling Systems: Central
  • Existing Financing: Other (See REMARKS)
  • Heating Systems: Central
  • Laundry: Washer in Unit
  • Operating Expenses: Insurance, Repairs/Maintenance, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: All Furnishings
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 2 BR - 1 Bath

Property History for 3970 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 3970 Southlawn Avenue

Taxable ValueLand$10,480Additions$53,080Total$63,560
Tax Record2023$3,872 ($323 / month)
Home Facts
Baths1Total Finished SqFt4,050 SqFtAbove Grade Finished SqFt4,050 SqFtStories1Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningCMU-1CountySHELBYAPN058-121- - -00025Fireplace TypeHas Fireplace

Schools near 3970 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 3970 Southlawn Avenue, Memphis, TN 38111

3970 Southlawn Avenue is a multi-family home for sale in Memphis, TN 38111. This property was listed for sale on December 30, 2024 by RE PROS LLC, it's currently listed at $485,000. It has been on the market for a total of 3 days and was last sold on October 29, 2024. 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. 3970 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 RE PROS LLC