New Listing
Description
25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents. Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.
Details
| MLS # | 10231501 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 4 |
| Listing Provided By | RP Newman Realty LLC | Robert Newman |
Features
| Units | 25 |
|---|---|
| Building(s) | 2 |
Interior
| Appliances Or Equipment | Other (See REMARKS) |
|---|
Exterior
| Roof | Other (See REMARKS) |
|---|---|
| Construction | Other (See Remarks) |
| Foundation | Other (See Remarks) |
Parking
| Parking Facility | Asphalt/Blacktop |
|---|
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727C |
| Community Name | WILLIS |
| Listing VS Median (in WILLIS) | |
Price: $1,695,000 low | high Med: $0 On site: 4 low | high Med: | |
Market Activity 38127
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727C |
| Community Name | WILLIS |
| Listing VS Median (in WILLIS) | |
Price: $1,695,000 low | high Med: $0 On site: 4 low | high Med: | |
 | $1,295,0001707 Ontario AveMemphis, TN 38127 |