Great investment opportunity in South Memphis! This 4-unit multifamily is fully occupied and brings in approx. $24,600 in annual net operating income. Renovated in 2016 with updated systems. Located minutes from Downtown, the STAX Museum, and historic Soulsville. Each unit is separately metered, and the property is professionally managed. Steady income in an area experiencing revitalization makes this ideal for long-term investors. Please do not disturb tenants. Showings by accepted offer only.
For sale
$308,000
412 E McLemore Ave, Memphis, TN 38106
--beds
--baths
--sqft
Est.:
Quadruplex
Built in 1966
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 6 days
- on Zillow |
- 147 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: May 13, 2025 at 04:23pm
Listed by:
Lyndon Baskin,
Harris & Harris Realty Group, 901-590-3077,
Keino Spring,
Harris & Harris Realty Group,
Source: MAAR,MLS#: 10196554
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Floor Furnace, Other (See Remarks), Wall Furnace
Cooling
- 1 Window Unit per Unit
Appliances
- Laundry: Connections
Features
- Flooring: Tile
- Furnished: Yes
Property
Parking
- Parking features: More Than 1 Per Unit
Features
- Stories: 2
Lot
- Dimensions: 50 X 141
Details
- Parcel number: 013049 00025
- Zoning: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick, Dry Wall
- Foundation: Slab
- Roof: Shingle/Shake,Slate
Condition
- Year built: 1966
Community & HOA
Community
- Subdivision: Washington Hgts Blk 4
Location
- Region: Memphis
Financial & listing details
- Annual tax amount: $991
- Date on market: 5/13/2025
- Listing terms: Cash Only,Conventional,Other (Call LA),Private Financing Available
- Inclusions: All Furnishings
- Lease term: 12 Months
- Total actual rent: 25000
- Tenant pays: All Utilities
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