All Forum Posts by: Karimah Muhammad

The building is the home of Gus's Ironworks, a pillar in the Memphis community and in business for over 25 years. This property is an excellent candidate for adaptive re-purposing. This location sets off of a busy main thoroughfare minutes from midtown. Ideally situated in a busy and upcoming area near Interstate 55, the newly built Cresent Bluffs Apts, Memphis Police - Crump station, University Apts, and many neighborhood amenities.

Built: 1953

County: Shelby

Construction: Brick

Foundation: Slab

Usable Space:13,780 sq ft

Lot Size: 23950 (120X199.17/200)

Location: Memphis

Type: Free Standing

Miscellaneous: Roof Sign,Telephone System, Rest Rooms, Inside Storage, Outside Storage, Fenced, Outside Lighting

Num Of Buildings:1

Number of Offices: 2

Number of Restrooms: 3

Road Frontage: City Street

Average Ceiling Height: 16-20.9 Feet

Parking Facility: Asphalt/Blacktop,Offsite/Street,1-15 Spaces

Type Usage: Office,Warehouse,Industrial,Other

Sales type: AS-IS - Asking price: $250,000. Price is flexible for fast sale.

Other: Owner is currently operating his business at this location. Business is not for sale, only the building. Per Trade analysis location appears perfect for grocery store, mini outlet mall, rental space or adaptive use apartments.

Call Karimah 470-779-3759

Assured Real Estate Services

5507 Winchester Road, #12

Memphis, TN 38115

Great job! Beautiful workmanship. 

Investment property for sale in Memphis, TN located at 70 E Belle Haven. The property is in the BARTON HEIGHTS 1ST ADD neighborhood of Shelby County. This property is 3,315 square feet and has 4 bedrooms and 2 baths. The total land size of this property is 0.32. This property is non-owner occupied

The last assessment showed the property was in AVERAGE condition, Heating: GAS CENTRAL, Wall type: STONE, Roof Cover: COMPOSITION SHINGLE,  Sold AS IS

Bring your BEST offer! Serious Inquiries Only. Proof of funds required.

*Interior pictures will be uploaded soon!

Call or text for more info. 470-779-3759.

4527 Valley Stream. 3/1 partial rehab completed - Asking $30,000.00. MOTIVATED. PRICE NEGOTIABLE.

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6 W. Norwood - $15,500.00

https://www.dropbox.com/sh/jnxhgq0kvugxemv/AAA8_ROHj2smc96eotgKX13Ga?dl=0

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4366 Falcon - $35,000.00 - MOTIVATED. PRICE NEGOTIABLE.

https://www.dropbox.com/sh/n2qsd3yepkfe0aa/AAClU3PfMJCkUED3gNyRdEL2a?dl=0

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4810 Tulane - $9,000.00 https://www.dropbox.com/sh/hgjp97nv6ts70q9/AABYpiwPkQr11S6dI3zRYLqfa?dl=0

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1006 lydgate (land only home has been torn down) - $17,500.00. 

MOTIVATED. PRICE NEGOTIABLE.

https://www.dropbox.com/sh/d4d4vn32te0gva0/AADVvG5BGNNfNUalzjXMZgHfa?dl=0

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2085 rile - $8,500.00 https://www.dropbox.com/sh/9gnf87d4s6yqlol/AAB9TBLpCBmFoLOi_9ZsxwhNa?dl=0

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2026 farrington - $12,000.00 https://www.dropbox.com/sh/ygr3uv4koexmypn/AAD0qH_JgNKmRfeEOKYDULmFa?dl=0

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2105 farrington - $12,000.00 https://www.dropbox.com/sh/cwldsin159svd4j/AACziFzTD1hBh_2atI7RF68pa?dl=0

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225 w dison - $11,000.00 https://www.dropbox.com/sh/9ppclxz9crtrykd/AABIfQZj7nIadM_hjcSb3sPya?dl=0

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5415 Hebron - (under contract) 4/2 - 38116 - 90,000

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364 Hollowell - $7,000.00 https://www.dropbox.com/sh/n7n346ct2wxfmcs/AADyNrqzx8NPbayy8Lg_NrqCa?dl=0

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http://www.loopnet.com/Listing/20314174/4345-S-3rd-St-Memphis-TN/

Zoned retail / gas station. Ideal for soul food restaurant. Lease to purchase option available with substantial down payment

Asking $198,000

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8 Suite - 2 beds 1 bath units near downtown Memphis ASKING $440,000 or Best Offer. 100% occupancy. Property totally rehabbed.

Rents $4,004 per month. 4 Section 8 tenants. 3 cash tenants. 1 unit free for on site manager. Rent increases upcoming. Maintenance, insurance, trash, ytd. $7,000.00. All tenants have been residing in the property for 2 - 6 years.

Call for more info. https://www.dropbox.com/sh/8h0f1q0bo2ffyr9/AACMq_Z4lrbi1zado_jvTfKda?dl=0

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8 Suite - near downtown - Under re-reconstruction - Owner purchased and rehabbed this original 8 Suite - 2 bedrooms 1 bath property which was fully occupied. Owners are reconstructing and converting the units into 12 efficiency apartments that includes free wifi, appliances and utilities that rent for $650.00 each. 

 6 of the units have been completed and are rented. The owners are working to complete the other units. They are asking $250k as it is. The price will increase once the rehab is completed.

Call for more info.

https://www.dropbox.com/sh/8h0f1q0bo2ffyr9/AACMq_Z4lrbi1zado_jvTfKda?dl=0

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1904 Swift. Needs full rehab - 4 units - :-)

Video 1 - https://www.facebook.com/themavenofrealestate/videos/457081614671244/

Video 2 - https://www.facebook.com/themavenofrealestate/videos/457089678003771/

Single Family Brick Home with 3 bedrooms and two bathrooms, in great neighborhood, excellent property for an investor or family seeking a home where they can bring their vision into reality. Close to the neighborhood amenities and shopping. 

Home is on the corner lot. PRICE DECREASED FOR FAST SALE!

Needs Rehab. ARV $55-$60k. SOLD AS-IS NO WARRANTIES, NO GUARANTEES.

Call Karimah

470-779-3759

LOCATED IN HIGH TRAFFIC AREA. Hwy 61 (Third Street) with much potential for growth. Near hwy 55 and the MS border.

Urban site - Ideally suited for a restaurant, specifically soul food or gas station type businesses.

Easy access to Highway 55 and Desoto County, MS. Centered among several long term and stable businesses such as KFC, McDonald's, Subway, It's all good auto sales, Mercedes Benz dealer, night club and much more. Easy conversion from restaurant to your business vision.

This would be a great location for the right business. Formerly Ms. B's Soulfood & Sandwich Bar for 24 years. Currently utilized as a restaurant. This property has lots of potential.

Make this your 1st, 2nd, or 3rd location! Excellent for a soul food restaurant, gas station, office, etc. Make an offer! Sold AS-IS!

Freestanding commercial building on busy main highway

Asphalt/Blacktop parking lot

16-30 parking spaces

SALE INCLUDES - Building and Land, Some Furnishings, Some Equipment

TENANT PAYS All Utilities, Heat, Water/Sewer, Electricity, Outside Lighting, Janitorial Services, Common Area Maintenance, Trash Removal, Outside Repairs, and partial taxes per lease agreement

ROOF - Composition Shingles

CONSTRUCTION - Brick

NEW FINANCING - Conventional, Cash Only

LEASE - Current lease in place due to expire in August. Current rent $1,350 per month. Anticipated rent increase to $1,500 per month.

HOT WATER - Public Water, Public Sewer

COOLING SYSTEM Central Cooling, 2+ Window Units per Unit

HEATING SYSTEM - Central

FLOORS - Tile

RESTROOMS - 3

YEAR BUILT - 1960

Cap rate 8.10 (Will increase to 8.18 in Aug 2017)

*Acreage / Square Footage: Acreage / Square footage information in the MLS is sometimes inaccurate. Information to be verified by buyer or an appraiser or expert of buyer's choosing.

Contact Karimah for more information - Mobile: 470-779-3759 | Office: 901-590-1527

Bring your best offer! Owner is motivated to sell. Property currently leased @ $1350.00 per month.