Attractive investment opportunity with strong in-place tenancy and significant value-add potential through rent growth. Gated community features beautifully updated units with high-end finishes, including quartz countertops, white shaker cabinets, luxury vinyl plank flooring, marble-style bathrooms, and stainless steel appliances. Stable tenant base with upside potential for further income growth. 82% Occupied, Fully Renovated.
For sale
$2,975,000
1076 Merriwether Ave, Memphis, TN 38105
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$2,806,800 Zestimate®
$--/sqft
$-- HOA
What's special
Gated communityStainless steel appliancesWhite shaker cabinetsQuartz countertopsHigh-end finishesMarble-style bathrooms
- 9 days
- on Zillow |
- 166 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: April 28, 2025 at 12:54pm
Listed by:
Cortney Lester,
Franchise Realty, LLC 901-308-2819
Source: MAAR,MLS#: 10195247
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, Dryer in Unit, Washer in Unit
Features
- Flooring: Vinyl
- Basement: Crawl Space
Property
Parking
- Parking features: Asphalt/Blacktop
Features
- Stories: 2
Details
- Parcel number: 020089 00031C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer
- Roof: Flat,Shingle/Shake
Condition
- Year built: 1960
Community & HOA
Community
- Subdivision: Meriwether
Location
- Region: Memphis
Financial & listing details
- Annual tax amount: $10,637
- Date on market: 4/28/2025
- Listing terms: Cash Only,Conventional
- Inclusions: All Appliances
- Lease term: 12 Months
- Tenant pays: All Utilities
- Loading
- Loading
