South Memphis
For sale
Price
Beds/baths
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South Memphis, TN Homes for Sale
Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.
Great Investment Opportunity!
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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.
Lovely 2 bedroom home with bonus room (that could be a third bedroom or office) that is being offered at a great price. Home needs some repairs but could be worth a lot of money once rehabbed. This could be a great primary residence or investment/rental property. ONLINE VIDEO AVAILABLE UPON REQUEST. Nice layout and some upgrades have already been done. Immediate occupancy available plus plenty of parking as well. Very convenient location but also located on a quiet street. Cash offers only! No wholesalers, no assignments, no creative or owner financing.
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