670 Bethel Avenue
Memphis, TN 38107
$320,000
Price
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Description
Just a few blocks from the burgeoning Downtown area is this 6-unit apartment building - some claim to be close to Downtown, but this one really is! 4 of the units are occupied & one is rent-ready. This building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it! Each unit has a dedicated mini-split heat/air unit and parking. Area around building is nice, with new homes & high values - current rents are $2800, but should be $4000+ when vacants are turned! Value-add potentialJust a few blocks from the burgeoning Downtown area is this 6-unit apartment building - some claim to be close to Downtown, but this one really is! 4 of the units are occupied & one is rent-ready. This building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it! Each unit has a dedicated mini-split heat/air unit and parking. Area around building is nice, with new homes & high values - current rents are $2800, but should be $4000+ when vacants are turned! Value-add potential
- Listed by Randall Weatherall • Memphis Metro Realty
Property Details for 670 Bethel Avenue
Area
741D
MAAR Subdivision NameCharles Erck
Legal Subdivision NameCharles Erck
LISTING UPDATED: 07/30/2024 08:21 AM
Property Details for 670 Bethel Avenue
| Status | Active |
|---|---|
| MLS # | 10174536 |
| Days on Market | 164 |
| Taxes | $4,189 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment Building |
| Year Built | 1952 |
| Lot Size | 0.42 AC / 18,252 SF |
| County | Shelby County |
Building Information for 670 Bethel Avenue
Stories1Residences6Year Built1952Building Size-Lot Size0.42 AC / 18,252 SF
Property Information for 670 Bethel Avenue
Summary
Location and General Information
- Address: 670 BETHEL AVE
- Address Search Number: 670
- Directions: Driving W on N Pkwy, take a right onto Thomas St., then a right onto Bethel Ave. The units will be on the left.
- Geo Match Code: 0
- Geo Matched Method: 0
- Geo Quality: .95
- Geo Update Timestamp: 06-13-2024
- Geo Zoom Level: 16.00
- Map Coordinate: D
- MLS Map Num: Harbor Town/Downtown
Taxes and HOA Information
- Hot Water: Electrical, Public Sewer, Public Water
- LVT Date: 06-13-2024
Property
Lot Information
- Lot Size: 18252
- Parcel ID: 027006 00029
- Zoning: MD-R
Property and Assessments
- Foundation: Conventional/Crawl Space
- Percent Occupancy: 67
- Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
- Roof: Composition
Interior Features
- Floors/Ceilings: Tile, Wood Laminate Floors
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 6
- Num of 2 Bedroom Units: 0
- Num of 3 Bedroom Units: 0
- Num of Efficiency Studio Units: 0
- Num of Buildings: 1
- Num Other Units: 0
- Assumption: No Qualifying
- Construction: Brick
- Cooling Systems: Individual Cooling
- Existing Financing: Conventional Fixed
- Gross Potential Annl Rent: $44,800
- Heating Systems: Individual Systems
- Land Sqft: 18252
- Laundry: Connections
- Leaseable Sqft: 3144
- Miscellaneous Exterior: Sidewalks
- Operating Expenses: Management, Repairs/Maintenance, Some Utilities, Taxes
- Parking Facility: Asphalt/Blacktop
- Possession: Tenants Rights
- Sale Includes: Building and Land
- Source Of Info: Current Records, Leases, Owner, Projected, Rent Roll
- Tenant Pays: Electric
- Type Units: 1 BR - 1 Bath
Property History for 670 Bethel Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 670 Bethel Avenue
Taxable ValueLand$7,320Additions$61,440Total$68,760
Tax Record2023$4,189 ($349 / month)
Home Facts
Baths2Total Finished SqFt2,136 SqFtAbove Grade Finished SqFt2,136 SqFtStories1Lot Size18,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1952Year Renovated2000ZoningMDRCountySHELBYAPN027-006- - -00029Fireplace TypeHas Fireplace
Schools near 670 Bethel Avenue
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | PK to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 8 |
Rating | School | Distance |
|---|---|---|
Memphis Scholars Caldwell-Guthrie CharterPK to 5 | ||
Humes Preparatory Academy Middle School Charter6 to 8 | ||
Manassas High School Public9 to 12 | ||
Humes Middle School Public7 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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Listing Courtesy of Memphis Metro Realty