$75,000

2835 Sonora Dr Unit 2 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated payment $439/month

Total Views 2,605
2 Beds
2 Baths
800-999 Sq Ft
$75 Price per Sq Ft

About This Home

Incredible opportunity to acquire a 20-door rental portfolio in Memphis generating $19,780 in monthly gross income. Nineteen of the twenty units are currently occupied, with the majority of tenants on Section 8, providing consistent and reliable cash flow. All properties have been renovated within the past 1–4 years and are being sold as turnkey investments. Strong rental history across the portfolio with room to increase rents, offering additional upside for investors. Ideal for those seeking stable, income-producing assets in a growing market.

Listing Agent

Jonathan Nunez

Fast Track Realty, LLC License #349008 Listed on: 06/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $346

Year Built

  • Built in 1973

Parking

  • Parking Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 800-999 Sq Ft Home
  • 960 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $240 Maintenance Fee
  • The Hamlets Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074090 A00198

Property Details

Home Type

Condominium

Est. Annual Taxes

$346

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MLS Map #: 784B
  • MAAR Subdivision Name: HAMLETS (THE)
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 960
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 800-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Garage/Parking

  • Parking Storage: Parking Lot

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 240

Lot Info

  • Lot Number: UNIT114U
  • Acreage: 0.2
  • Lot Size: 0.2
  • Price Per Acre: 375000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074090 A00198

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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 $346 $14,840 $1,520 $13,320
2024 $346 $10,200 $1,520 $8,680
2023 $621 $10,200 $1,520 $8,680
2022 $621 $10,200 $1,520 $8,680
2021 $738 $10,200 $1,520 $8,680
2020 $551 $7,600 $1,520 $6,080
2019 $243 $7,600 $1,520 $6,080
2018 $152 $4,750 $950 $3,800
2017 $155 $4,750 $950 $3,800
2016 $353 $8,075 $0 $0
2014 $353 $8,075 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $75,000 -- $94 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 Quality Title Group Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $698,000 New Conventional
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10199877

Memphis Area Association of REALTORS®

APN: 07-4090-A0-0198

Tennessee Shelby County Memphis 38115 Fox Meadows

2835 Sonora Dr Unit 2, Memphis, TN

This home is located at 2835 Sonora Dr Unit 2, Memphis, TN 38115 and is currently priced at $75,000, approximately $75 per square foot. This property was built in 1973. 2835 Sonora Dr Unit 2 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

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Nearby Homes
Jonathan Nunez
Listing Agent
Jonathan Nunez
Section Image
Fast Track Realty, LLC
(901) 453-8455