$700,000
Est. payment /mo
Active
1861 CORNING AVE Memphis, TN 38127
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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)
Listed by Dylan Patel • Grand Point Realty, LLC
NEARBY SCHOOL & BUSINESS
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