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.
Listed By
Agency Name: Grand Point Realty, LLC
Shown By
Agent Name: Donnie Chambliss - The DC Team
Agent Phone: (662) 349-5550
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 1,762.06 per month $1,557.90 Principal & Interest $0.00 Property Tax (data not provided by mls) $204.17 Homeowner's Insurance
1861 Corning Ave | MLS# 10222979
This multi-family property located at 1861 Corning Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $700,000. Search Frayser - North real estate on www.wesellthesip.com today.