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3969 SOUTHLAWN AVE Memphis, TN 38111
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Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Subdivision Southlawn Commercial
MLS Listing ID 10203373
Sold Date 10/22/25
Year Built 1965
Annual Tax Amount $2,885
Property Sub-Type Apartment Building
Property Description
6-unit apartment building near UofM. Rent roll of $4,815. 5 out of 6 units have been renovated. Unrenovated unit likely needs HVAC replacement. 2 units have been left vacant for showings. New roof, perimeter fence, interior renovation and several HVAC units. Appraisal in hand for $549,000 in 2025. Rent Roll & Capital Improvement List available upon request. Potential to convert to section 8 and increase rents. Professionally managed by Lubin Property Management. DO NOT disturb tenants. Property sold as-is. Owner/Agent.
Location
State TN
County Shelby
Area Getwell/Park
Interior
Heating Central
Cooling Central
Flooring Vinyl Floor
Laundry Connections
Exterior
Parking Features Asphalt/Blacktop
Roof Type Shingle/Shake
Building
Foundation Slab
Water Electrical
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Allie Ann McAlister • Crestcore Realty, LLC
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