$846,284

Estimated payment $5,457/month

Total Views 2,043
20 Beds
-- Bath
7,200 Sq Ft
$118 Price per Sq Ft

About This Home

A fully renovated 10-unit multifamily asset in a strong Memphis rental corridor. The property features ten 2BR/1BA units generating $8,050/month in scheduled income. Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops. Each unit is equipped with in-unit washers/dryers, stoves, and refrigerators. These improvements significantly reduce near-term capital expenditures for a new owner. Please do not disturb residents and drive by only.

Listing Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/30/2026

Crye-Leike Commercial

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 14,810 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 7,200 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 058082 00001

Community Details

Overview

  • 10 Units
  • East Memphis Park Subdivision

Building Details

  • Insurance Expense $7,810
  • Utility Expense $828
  • Operating Expense $17,125

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0.34 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: EAST MEMPHIS PARK
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 7200
  • Year Built: 1960
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Tile

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Flat

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit, Dryer in Unit

Lot Info

  • Lot Number: 55
  • Acreage: 0.34
  • Lot Size: 0.344 acres
  • Improved Sq Ft: 7200
  • Land Sq Ft: 14985
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 96600
  • Leaseable Sq Ft: 7200
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 058082 00001

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 10
  • Number2 Bedroom Units: 10
  • Type of Unit: 2 BR - 1+ Baths

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
04/30/2026 04/30/26 For Sale $846,284 -- $118 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10220495

Memphis Area Association of REALTORS®
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