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$575,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Other (See REMARKS)
Listing Status Active
Purchase Type For Sale
Subdivision Williford Place & Crestmere Place
MLS Listing ID 10223928
Year Built 1934
Annual Tax Amount $5,267
Property Sub-Type Other (See REMARKS)
Property Description
STR positioned near Overton Park in Midtown Memphis, The Crestmere Estate at 180 Crestmere Pl offers a luxury hospitality asset with investment potential. The property includes a 4BR/2.5BA Tudor main home plus a 2BR/1BA detached guesthouse, creating a flexible 6BR/3.5BA layout for short-term rental use. Resort-style outdoor spaces include a renovated gunite heated saltwater pool, bluestone decking, courtyard, fountains, iron gates, and landscaped double lot. Seller-stated STR performance includes about 70% average occupancy, $100K-$120K annual revenue, and approx. $20K in future bookings included with sale. STR business available for an additional fee, including website, Hostfully, Turno, PriceLabs, chatbots, Breezeway, furnishings, linens, towels, pool supplies, and listing opportunities on Airbnb, Booking.com, VRBO. Contact listing agent for business details.
Location
State TN
County Shelby
Area Midtown/Holmes
Zoning R
Interior
Heating Central, Gas
Cooling Central Cooling
Flooring Hardwood
Inclusions All Furnishings, Business Name
Exterior
Parking Features Attached, Covered
Roof Type Composition Shingles
Building
Story 2
Foundation Conventional/Crawl Space
Water Public Sewer, Public Water
Others
Miscellaneous Sprinkler System,Living Space Available
Virtual Tour https://www.youtube.com/watch?v=p_s9RaP-NjY
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Listed by Shay C Payne • BHHS McLemore & Co. Realty
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