2012 Carnes Ave, Memphis, TN 38114

$229,900

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List Price
$229,900
Status
ACTIVE
Days on Market
278
Price Change
▼ $25,000 1784828423
MLS#
10208512
Year Built
1925
Lot Size
50 X 130.5
Subdivision
FLOWER GARDEN

Property Description

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!

Additional Information

Exterior Construction
Brick
Stories
2
Roof
Shingle/Shake
Foundation
Partial Basement

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