South Memphis Planning Dist
For sale
Price
Beds/baths
Home type
South Memphis Planning Dist, TN Homes for Sale
Great investment opportunity in South Memphis! This 4-unit multifamily is fully occupied and brings in approx. $24,600 in annual net operating income. Renovated in 2016 with updated systems. Located minutes from Downtown, the STAX Museum, and historic Soulsville. Each unit is separately metered, and the property is professionally managed. Steady income in an area experiencing revitalization makes this ideal for long-term investors. Please do not disturb tenants. Showings by accepted offer only.
REO property. Property to be sold AS-IS.
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Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit is occupied by a long-term tenant, while the remaining units are ready for immediate occupancy. Previous rental rates ranged from $700 to $775, with potential to increase to $875–$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant
Great opportunity for a turnkey four plex! Owner has done a great job renovating. New roof, new flooring, tile, kitchens, and bathrooms. 2 bedroom 1 bath rented at 1150, 1 bedroom renting for $820, and 2 studios offered at $820. Utilities paid by owner and included in the rent.
Welcome to your dream home reimagined! This beautifully remodeled residence blends modern elegance with timeless charm, offering the perfect balance of comfort, style, and functionality. Featuring 3 bedrooms and 2 full bathrooms. New flooring, Cabinets, all updated bathrooms and much more. Schedule a showing today!