9
See all 9 photos
$380,000
Est. payment /mo
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 Multi-Family
Sub Type Other (See REMARKS)
Listing Status Active
Purchase Type For Sale
Subdivision Horn Bros
MLS Listing ID 10218073
Year Built 1956
Annual Tax Amount $5,475
Property Sub-Type Other (See REMARKS)
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. 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). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. 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, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.
Location
State TN
County Shelby
Area Central Gardens
Interior
Heating Central
Cooling Central
Flooring Tile
Laundry Common Laundry
Exterior
Parking Features Concrete, Enclosed
Roof Type Shingle/Shake
Building
Foundation Other (See Remarks)
Water Public Sewer, Public Water
Others
Miscellaneous Wood Fence
Listed by Tyler Tapley • Crye-Leike, Inc., REALTORS
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION