244 Richmond Ave Unit #1-6, Memphis, TN 38106
- $325,000
- 1
- BD
- 1
- BA
- List Price
- $325,000
- Status
- ACTIVE
- Days on Market
- 53
- MLS#
- 10227066
- Style
- Other (See REMARKS)
- Year Built
- 1940
- Bedrooms
- 1
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 309X99
- Subdivision
- S C LAW
Property 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.
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Additional Information
- Property Description
- Other (See REMARKS)
- Heating
- Wall Heat
- Air Conditioning
- None
- Stories
- 1
- Roof
- Composition Shingles
- Foundation
- Conventional
- Parking
- Street Parking Only
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Listing courtesy of eXp Realty, LLC.
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