Lisa Cox
Groome & Co.
(901) 422-9448
128 Total Sales
2 in Berclair
$157,000 Price Range
4010 Summer Ave Memphis, TN 38122
Berclair Neighborhood
18
Beds
--
Baths
5,488
Sq Ft
0.32
Acre Lot
About This Home
As of August 2026FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today’s market. Don’t miss out on this rare investment. Contact me today for additional details or to schedule a private showing.
Last Agent to Sell the Property
Crye-Leike, Inc., REALTORS License #362111 Listed on: 05/01/2026
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Property Details
Home Type
- Apartment
Year Built
- Built in 1960
Lot Details
- 13,939 Sq Ft Lot
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 5,488 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- 6 Units
- Brattain Raymond Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 055069 00049
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Berclair, TN
-
Lisa Cox
-
Brenda Allen
Brenda Allen
Leaving A Legacy Realty, LLC
(901) 763-6215
41 Total Sales
1 in Berclair
$100,000 Price
-
Paige Arnold
Paige Arnold
Crye-Leike, Inc., REALTORS
(901) 422-8066
102 Total Sales
1 in Berclair
$170,000 Price
-
Amy Woods
Amy Woods
Crye-Leike, Inc., REALTORS
(901) 295-3319
99 Total Sales
1 in Berclair
$245,000 Price
-
Pablo Pereyra
Pablo Pereyra
901, REALTORS
(901) 979-6330
119 Total Sales
13 in Berclair
$115K - $700K Price Range
-
Bang Nguyen
Bang Nguyen
Re/Max Experts
(901) 370-1653
116 Total Sales
9 in Berclair
$28K - $180K Price Range
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 |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | Sold | $550,000 | -4.3% | $100 / Sq Ft |
| 07/08/2026 07/08/26 | Pending | -- | -- | -- |
| 07/01/2026 07/01/26 | Price Changed | $575,000 | -4.0% | $105 / Sq Ft |
| 06/11/2026 06/11/26 | Price Changed | $599,000 | -12.6% | $109 / Sq Ft |
| 05/01/2026 05/01/26 | For Sale | $685,000 | -- | $125 / Sq Ft |
Source: Memphis Area Association of REALTORS®
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 | $5,751 | $213,800 | $21,240 | $192,560 |
| 2024 | $5,143 | $151,720 | $19,760 | $131,960 |
| 2023 | $9,242 | $151,720 | $19,760 | $131,960 |
| 2022 | $9,242 | $151,720 | $19,760 | $131,960 |
| 2021 | $10,985 | $151,720 | $19,760 | $131,960 |
| 2020 | $1,580 | $21,800 | $19,760 | $2,040 |
| 2019 | $697 | $21,800 | $19,760 | $2,040 |
| 2018 | $697 | $21,800 | $19,760 | $2,040 |
| 2017 | $713 | $21,800 | $19,760 | $2,040 |
| 2016 | $1,612 | $36,880 | $0 | $0 |
| 2014 | $3,209 | $73,440 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Anna Palazola
Seller's Agent in 2026
Anna Palazola
Crye-Leike
(901) 383-3968
3 in this area
101 Total Sales
-
Adam Thornton
AT
Buyer's Agent in 2026
Adam Thornton
Marathon REALTORS, LLC
(901) 260-3141
1 in this area
3 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10220598
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.
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