712 5Th St Memphis, TN 38107
- Garden apartment buildings
- 3,202 SF
- 0.18 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 712 5Th St
- Year built
- 1966
- Lot size
- 0.18 lot acres
- Property size
- 3,202 SF
- Zone code
- MDR
- Property type
- Garden apartment buildings
- APN
- 001-081- - -00007
- APU
- 108100007
Description
This completely renovated five-unit apartment building presents a compelling investment opportunity in Memphis' vibrant Uptown neighborhood. Located at 712 N 5th St, Memphis, TN 38107, this property boasts a fresh and modern aesthetic thanks to extensive recent renovations. Each of the five units features two bedrooms and one bathroom, providing comfortable living spaces for tenants. The upgrades are comprehensive, encompassing new LVT flooring on the lower levels and carpeting upstairs. Luxury vinyl plank (LVP) flooring has also been installed in other areas. The electrical and plumbing systems have been entirely replaced, ensuring efficiency and reliability. All HVAC units are brand new, providing climate control comfort. A new roof and windows have been installed, enhancing energy efficiency and curb appeal. Interior finishes are equally impressive, with new millwork, cabinetry, and drywall throughout. This turnkey property is ready for immediate occupancy and offers strong potential for rental income. The property's prime location in Uptown Memphis adds to its desirability, offering convenient access to local amenities and attractions. This is an exceptional opportunity for investors seeking a well-maintained, updated multifamily property in a thriving urban setting. The asking price is $499,500.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.04
- Latitude
- 35.1624
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
