38126, TN homes for sale & real estate

38126, TN Homes for Sale

Great investment opportunity to own an updated fourplex with * * immediate rental income and additional cash flow potential! * * This multifamily property features a newer roof, updated flooring, tile, kitchens, and bathrooms. Two units are currently occupied, generating * * $1,275 per month ($15,300 annually) * * in gross rental income. The two vacant units present an opportunity to increase rental revenue through additional leasing, potentially strengthening the property's overall cash flow. Ideal for investors looking to expand their portfolios with an income-producing property that offers existing rental income, value-added potential, and room for future growth.

38126, TN Homes for Sale

Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. Seller reports approximately 80% framing completion, roof structure in place with shingles remaining, and plumbing rough-in and top-out completed and passed. Architectural plans are available for an additional $2,500. Seller also reports approval for a $20,000 DMC grant, subject to buyer verification of availability, eligibility, and terms. Seller estimates a potential finished value near $400,000. Buyer to independently verify square foot

38126, TN Homes for Sale

Great investment opportunity. This property offers convenient access to downtown, major roadways, schools, shopping, and entertainment. Tenant occupied do not disturb. Selling AS-IS. No wholesalers assignments, or creative financing.

38126, TN Homes for Sale

Income, upside and seller flexibility minutes from Downtown Memphis. This 6-unit features all 2-bedroom units with scheduled rents of $5,400 per month. The seller is currently turning over the tenant base, giving an incoming investor the opportunity to establish a stronger tenant profile, improve operations and position the asset for increased cash flow. To make the transition even more attractive, the seller is open to providing a short term credit for any vacant unit.