Residential Income in Memphis

$325,000

244 RICHMOND, 38106, Memphis, TN

Residential Income for sale in Memphis, 244 RICHMOND, 38106, 6552 m²

244 RICHMOND, 38106, Memphis, TN

$325,000

6552
Type: Residential Income

Description

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.

Location

244 RICHMOND, 38106, Memphis, TN

Data

Object TypeResidential Income
Purchase Price$325,000
Living Space6552 m²
Plot SizeN/A
BathroomsN/A
Construction Year1940
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeWall Heat
Primary Energy SourceN/A
Construction Year1940
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent