9
See all 9 photos
$380,000
Est. payment /mo
6 Beds
5 Baths
7,405 Sqft Lot
Price Dropped by $45K
1515 MADISON AVE Memphis, TN 38104
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Townhouse
Sub Type Attached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision Horn Bros
MLS Listing ID 10218072
Style Traditional
Bedrooms 6
Full Baths 5
Year Built 1956
Annual Tax Amount $5,475
Lot Size 7,405 Sqft
Property Sub-Type Attached Single Family
Property Description
Location! Location! Location! Mins from Midtown and Downtown. DON'T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.
Location
State TN
County Shelby
Area Central Gardens
Rooms
Master Bedroom 0x0
Dining Room 0x0
Kitchen Pantry
Interior
Heating Central
Cooling Central
Flooring Tile
Exterior
Exterior Feature Vinyl Siding
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Private Pool Yes
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Others
Miscellaneous Porch,Patio
Listed by Tyler Tapley • Crye-Leike, Inc., REALTORS
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION