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2829 Sonora Dr , #116

Memphis, TN 38115
  • $75,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 10199873
UPDATED: 24 min ago
$75,000
  • 2
    BEDS
  • 0.2
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 800-999
    SQFT
  • $83
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1973
County:
Area:

School Ratings & Info

Description

Incredible opportunity to acquire a 20-door rental portfolio in Memphis generating $19,780 in monthly gross income. Nineteen of the twenty units are currently occupied, with the majority of tenants on Section 8, providing consistent and reliable cash flow. All properties have been renovated within the past 1"4 years and are being sold as turnkey investments. Strong rental history across the portfolio with room to increase rents, offering additional upside for investors. Ideal for those seeking stable, income-producing assets in a growing market.

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© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-07-14T14:03:35.877.
www.gowenpropertygroup.com/homes/165283358
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2829 Sonora Dr , #116 Memphis, TN 38115

  • Price: $75,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 24 min ago
  • MLS #: 10199873
2
Beds
2
Baths
0
½ Baths
0.2
Acres
800-999
SQFT
$83
$/SQFT
1973
Built
Neighborhood:
Hamlets (The)
County:
Shelby
Area:
Fox Meadows
Property Description
Incredible opportunity to acquire a 20-door rental portfolio in Memphis generating $19,780 in monthly gross income. Nineteen of the twenty units are currently occupied, with the majority of tenants on Section 8, providing consistent and reliable cash flow. All properties have been renovated within the past 1"4 years and are being sold as turnkey investments. Strong rental history across the portfolio with room to increase rents, offering additional upside for investors. Ideal for those seeking stable, income-producing assets in a growing market.
Exterior Features

Exterior And Windows Other (See Remarks) Lot Size 0.2 Misc Exterior Other (See REMARKS) Parking And Storage Other (See REMARKS)Parking Lot Parking Display N Pool Description None Style Traditional

Interior Features

Additional Bed Bath Info Other (See Remarks) Bedrooms Down 2 Cooling Central Den Great Room Dimensions 0x0 Dining Room Dimensions 0x0 Floors And Ceilings Other (See REMARKS) Heating Central Living Dining Kitchen Other (See Remarks) Living Room Dimensions 0x0 Primary Bedroom Dimensions 0x0 Rooms 5 Total Baths 2

Property Features

Annual City Tax 326 Annual County Tax 346 Attached Unit Type Other (See REMARKS) Condo Yes Condo Amenities Other (See REMARKS) Condominium Association Yes Legal Subdivision Name THE HAMLETS Lot Number UNIT116D Monthly Maintenance Fee 240 Prop Construction Status Existing Property Warranty And Possession Addendums Possession at ClosingPossession by Agreement

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Fast Track Realty, LLC: 901-767-8770.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-07-14T14:03:35.877.
 
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