580 MCKINLEY ST, Memphis 38126 - $419,000
580
MCKINLEY ST,
Memphis,
Tennessee
TN
38126
Three duplexes and one single family residence on one parcel. Great location near downtown and the Medical District. All units are 2 bed/1 bath. Current scheduled monthly income is $4,150 (six units are at $600 and one is at $550). 1/1 units around the corner are renting at $750+, 2/1 units for $850+. Opportunity for a new owner to raise rents to market rates and potentially subdivide property as well.
Primary Features
County:
Shelby
Price Before Reduction:
450000
Price Reduction Date:
2022-10-20T20:50:33+00:00
Property Sub Type:
Built as Duplex
Property Type:
Duplexes
Year Built:
1945
Interior
Cooling:
1 Window Unit per Unit, Other (See Remarks)
Floors/Ceilings:
Wood Laminate Floors, Tile, Parquet Floor
Heating:
Central, Gas, Individual Heat
Hot Water:
Gas, Individual System
Stories:
1
Unit 1:
Separate Living Room
Unit 1 Bedrooms:
2
Unit 1 Full Baths:
1
Unit 1 Total Baths:
1
Unit 2:
Separate Living Room
Unit 2 Bedrooms:
2
Unit 2 Full Baths:
1
Unit 2 Total Baths:
1
External
Exterior/Windows:
Brick Veneer, Aluminum Window(s)
Foundation:
Slab
Lot Description:
Some Trees
Lot Size:
21280 SF
Parking:
Driveway/Pad
Pool Description:
None
Roofing:
Composition Shingles
Style:
Traditional
Location
Area:
745E
MAAR Subdivision Name:
McGrath
MLS Map Number:
South Bluffs/Downtown
Additional
Contingency Type:
No Contingency
Service Type:
Full Service Listing
Termite Contract:
no
Financial
Annual City Tax:
791
Annual County Tax:
993
Flood Insurance Required:
no
For Sale Or Rent:
For Sale
New Financing:
Conventional
Tenants Pay:
All Utilities
Type of Leases:
Year
Unit 1 Monthly Rent:
600
Warranty/Possession Addendums:
Possession at Closing, Tenants Rights
Zoning Info
Area Info
Listing courtesy of Prime Real Estate Group (509) 220-0128
Contact - Listing ID 10133975
Joe Spake
InCity Realty -
999 Cooper St #102
Memphis, TN 38104
Phone: 9018703440
Phone Alt: 9012145838
Data services provided by IDX Broker
Real Estate Broker / Consultant at InCity Realty
Joe Spake is a Real Estate Broker and Consultant, specializing in Midtown, Downtown, and East Memphis residential properties. His interests include architecture, community activism, music, photography and cooking. Get more great real estate information on Joe's Facebook Page. Call 901-870-3440 or Email Joe@spake.com
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