Key Details

Property Type Multi-Family, Condo

Sub Type Apartment Building

Listing Status Active

Purchase Type For Sale

Subdivision Kencor

MLS Listing ID 10222979

Year Built 1964

Annual Tax Amount $13,308

Property Sub-Type Apartment Building

Property Description

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.

Location

State TN

County Shelby

Area Frayser - North

Interior

Heating Gas

Cooling 1 Window Unit per Unit

Flooring Vinyl Floor

Laundry None

Exterior

Parking Features Asphalt/Blacktop

Roof Type Shingle/Shake

Building

Story 2

Foundation Slab

Water Other (See REMARKS)

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Listed by Dylan Patel • Grand Point Realty, LLC

Nearby School & Business

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Eddie Aeschliman

+1(901) 860-3302

Broker

1861 CORNING AVE Memphis, TN 38127