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412 E Mclemore Ave

Memphis, TN 38106
  • $250,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 10196554
Price Reduced
UPDATED: 61 min ago
$250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

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.

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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: 2025-06-13T21:03:39.73.
www.gowenpropertygroup.com/homes/163752980
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412 E Mclemore Ave Memphis, TN 38106

  • Price: $250,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 61 min ago
  • MLS #: 10196554
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Washington Heights Blk 4
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
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.
Exterior Features

Buildings 1 Construction Brick Foundation Slab Land Sq Ft 7013 Lot Size 50 X 141 Parking Facility More Than 1 Per Unit Roof Shingle/ShakeSlate

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Dry WallTile Heating Systems Floor FurnaceOther (See Remarks)Wall Heat Hot Water Other (See REMARKS) Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 25000 Annual City Tax 481 Annual County Tax 510 Annual Insurance Expenses 1600 Annual Operating Expenses 3000 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 25000 Legal Subdivision Name WASHINGTON HGTS BLK 4 Lot Number 8 Multifamily Type Fourplex New Financing Cash OnlyConventionalOther (Call LA)Private Operating Expenses InsuranceManagement Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes All FurnishingsBuilding and Land Source Of Info Current RecordsRent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath Zoning R-6

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Harris & Harris Realty Group,: 901-590-3077.



© 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: 2025-06-13T21:03:39.73.
 
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