4 Beds

2.1 Baths

7,000 SqFt

Active

Awesome opportunity to purchase this free standing building in the heart of Downtown. Currently being used as an Airbnb on the 2nd & 3rd floor. 1st floor is under a lease for another 11 months. Airbnb income in 2018 was $107,000 and had a very high occupancy rate of 86%. Fantastic turnkey business and building. Airbnb reservations on the books into Jan. 2020. 4 BR 2 BA on the 2nd and 3rd floor. Great for a Live-Work space as well. Elevator on all 4 floors.

Property Details
Price $949,900
Bedrooms 4
Full Baths 2
Half Baths 1
Total Baths 2.1
Property Style Contemporary
Lot Size 25 X 70
Acres 0.04
Property Type Residential
Sub Type SingleFamilyResidence
Stories 3
Features Wet Bar,Sky Light(s),Smoke Detector(s),Elevator
Exterior Features Wrought Iron Security Drs
Year Built 1925
Subdivision PLAN OF MEMPHIS
Roof Built-Up/Flat
Heating Gas,Dual System
Foundation Full Basement
Lot Description Other (See Remarks)
Pool features None
Parking Description 0
Association Name None
Additional Rooms Laundry Room,Entry Hall
Geographic Data
Directions East of Main St on the South Side of Madison
County Shelby
Latitude 35.145048
Longitude -90.05248
Market Area 745A
Address Information
Address 109 MADISON AVE, Memphis, TN 38103
Postal Code 38103
City Memphis
State TN
Country United States
Listing Information
Listing Office 901 Real Estate Services
Listing Office Phone 901-399-8500
Listing Agent Kendall Haney
Listing Agent Phone 901-218-8887
MLS Information
Days on market 54
MLS Status Active
Listing Date Jul 19, 2019
Listing Last Modified Sep 11, 2019
Tax ID 002057 00002
Tax Annual Amount 9010
MLS Area 745A
MLS # 10057737

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This information is believed to be accurate, but without any warranty.