1861 Corning Ave Memphis, TN 38127
Frayser NeighborhoodEstimated payment $4,380/month
About This Home
Investment opportunity in North Memphis with immediate cash flow and value add potential. This property is currently stabilized and producing income, offering investors the opportunity to acquire an asset with upside through rent growth and continued management. Current rents are below market in several units, creating the potential to increase revenue over time while maintaining occupancy. Conveniently located near major employment corridors, retail amenities, and transportation routes. Ideal for investors seeking a cash flowing asset with the ability to improve returns through strategic rent adjustments and operational efficiencies. Financial information, rent roll, and additional property details available upon request.
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2-Story Property
- Vinyl Flooring
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
Community Details
- 14 Units
- Kencor Subdivision
Listing and Financial Details
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,792 | $252,480 | $24,440 | $228,040 |
| 2024 | $2,787 | $82,200 | $20,120 | $62,080 |
| 2023 | $5,007 | $82,200 | $20,120 | $62,080 |
| 2022 | $5,007 | $82,200 | $20,120 | $62,080 |
| 2021 | $5,066 | $82,200 | $20,120 | $62,080 |
| 2020 | $5,362 | $74,000 | $20,120 | $53,880 |
| 2019 | $5,362 | $74,000 | $20,120 | $53,880 |
| 2018 | $5,362 | $74,000 | $20,120 | $53,880 |
| 2017 | $3,523 | $85,720 | $20,120 | $65,600 |
| 2016 | $3,234 | $74,000 | $0 | $0 |
| 2014 | $3,234 | $74,000 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2026 06/02/26 | For Sale | $700,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $620,000 | Executive Title & Closing | |
| Warranty Deed | $275,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $372,000 | New Conventional | |
| Previous Owner | $225,000 | Seller Take Back |
Source: Memphis Area Association of REALTORS®
MLS Number: 10222979
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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