1025 South Wellington Street Memphis, TN 38126

Building Details

Year Built

1968

Listing Agency Sowell, Realtors j***@sowellrealtors.com Show Phone

Listed by Joshua Cooper Show Phone

Source Compass

Added: Mar 13 Checked: Jul 19 at 4:08 am

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Investment Insights

Based on property information with market context.

This 5-unit garden apartment is centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum. New iron stairs on both ends were replaced in March 2024. A new roof, plumbing, electrical, and mechanical work were completed in January 2022. The property is currently 80% occupied, with annual scheduled rents of $38,820 and a potential of $42,000 in annual rents. This property is part of a package of 18 properties and is intended for investors.

Key Highlights

• 5‑Unit Garden apartment
• New roof, plumbing, electrical, and mechanical systems (January 2022)
• New iron stairs replaced March 2024

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FAQs

What type of property is this?

Apartment building - Centrally located 5-unit apartment building near Downtown Memphis.

Where is this apartment building located?

The property is located at 1025 South Wellington Street Memphis, TN.

What is the asking price?

The asking price for this property is $299,400.

What are key features of this property?

This property features: 5‑Unit Garden apartment; New roof, plumbing, electrical, and mechanical systems (January 2022); New iron stairs replaced March 2024