Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock strong cash flow and appreciation through strategic improvements.
Listed By
Agency Name: eXp Realty, LLC
Shown By
Agent Name: Gary Garland
Agent Phone: Cell: (901) 335-4842
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 818.10 per month $723.31 Principal & Interest $0.00 Property Tax (data not provided by mls) $94.79 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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244 Richmond Ave, Unit 1-6 | MLS# 10227066
This multi-family property located at 244 Richmond Ave, Unit 1-6, Memphis, TN 38106 is currently listed for sale with an asking price of $325,000. Search South Memphis-61 Hwy real estate on www.garygarland.com today.