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285 Lucy Ave

Memphis, TN 38106
  • $340,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 10190234
$340,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8 tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.

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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: 2025-03-18T21:04:13.9.
www.gowenpropertygroup.com/homes/160611417
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285 Lucy Ave Memphis, TN 38106

  • Price: $340,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 10190234
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Latham & Simpson
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Tenant Occupied! Do not disturb tenants! Offers Contingent Upon Inspections. Grab this Renovated Quadplex! 2bed/1bath with 3 occupied Section 8 tenants and 1 vacant unit. Currently total rents are $2,930! This complex was renovated in 2023. Roof, Exterior & Interior painted, Updated Laminate Flooring, Renovated Kitchens & Baths, New Light Fixtures, Each Unit Has Mini Splits for Heating & Cooling. Professionally Managed (Lease, Ledgers, Maintenance History, & Pics at Request). Pictures of units are before tenants moved in. No wholesalers, assignments, or creative financing.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Lot Size 50 X 125 Misc Exterior Partically FencedSidewalks Parking Facility AttachedConcrete Roof Shingle/Shake

Interior Features

Cooling Systems Individual Cooling Floors And Ceilings Wood Laminate Floors Heating Systems Individual Systems Hot Water Public SewerPublic Water Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Annual City Tax 363 Annual County Tax 456 Annual Insurance Expenses 3300 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name LATHAM & SIMPSON Lot Number 61TO63 Multifamily Type Fourplex New Financing Other (Call LA) Operating Expenses ManagementRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 90 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info LeasesRent Roll Tenant Pays All Utilities Type Of Leases Subsidized RentsYear Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-756-8900.



© 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: 2025-03-18T21:04:13.9.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672