4010 Summer Ave Memphis, TN 38122
Berclair NeighborhoodEstimated payment $4,292/month
About This Home
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.
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
- Assessor Parcel Number 055069 00049
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2026 05/01/26 | For Sale | $685,000 | -- | $125 / Sq Ft |
Source: Memphis Area Association of REALTORS®
MLS Number: 10220598
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