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$ 275,000
Est. payment | /mo
$ 275,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision Greenland Heights
MLS Listing ID 10212733
Year Built 1970
Annual Tax Amount $2,608
Property Sub-Type Fourplex
Property Description
Four-Unit Multifamily Investment Opportunity Excellent value-add opportunity with this 4-unit multifamily property. One unit is currently occupied, generating $750 per month in rental income. The remaining three units are vacant and ready for renovation, offering significant upside potential. All units have wall heat and mini-split style A/C. Market rent comps support projected rents of approximately $800 per unit once rehabbed. Ideal for investors looking to add value through renovations and increase long-term cash flow. This an attractive opportunity for buy-and-hold or portfolio expansion. Seller will consider owner financing as an option.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Wall Heat
Cooling Other (See Remarks)
Flooring Vinyl Floor
Equipment Other (See REMARKS)
Laundry None
Exterior
Parking Features Asphalt/Blacktop
Roof Type Flat
Building
Story 2
Foundation Slab
Water Electrical
Others
Miscellaneous Other (See Remarks)
Listed by James E Johnson • Crestcore Realty, LLC
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Aubrey D Tilson
REALTOR® | Lic# 299942