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508-510 S Main St

3 Unit Apartment Building $1,988,000 ($662,667/Unit) Memphis, TN 38103

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Executive Summary

This is 2 buildings that were formerly occupied 100% by the owner. Its a clean slate for owner occupant or ready to lease all spaces on long term or short term rentals
508 S. Main: Approximately 9,400 sf on .10 acre lot. It is a 3 story building with fully finished basement office space and rooftop observation room and deck - 1st floor is retail/studio space. 2nd floor is a 2 bedroom 2 bath apartment. 3rd Floor is a 2 bedroom 2 bath apartment.
510 S Main: Approximately 4,700 sf on .10 acre lot. It is a 2 story building- 1st floor is retail in the front and a studio apartment in the rear. The 2nd floor is a 2 bedroom 2 Bath apartment.
The 2 buildings share a 6 car parking area, a yard, Pickle Ball Court and a Swim Spa.

508-510 S Main Email Flyer

Property Facts

Price	$1,988,000	Building Class	C
Price Per Unit	$662,667	Lot Size	0.22 AC
Sale Type	Investment or Owner User	Building Size	14,000 SF
No. Units	3	No. Stories	4
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment Office Office Live Work Unit	Parking Ratio	0.43/1,000 SF

Price	$1,988,000
Price Per Unit	$662,667
Sale Type	Investment or Owner User
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment Office Office Live Work Unit
Building Class	C
Lot Size	0.22 AC
Building Size	14,000 SF
No. Stories	4
Year Built	1920
Parking Ratio	0.43/1,000 SF