1861 Corning Ave, Memphis, TN 38127
- $700,000
- List Price
- $700,000
- MLS#
- 10222979
- Property Type
- Multifamily
- Lot Size
- 0
- Status
- ACTIVE
Property Description
Investment opportunity in North Memphis with immediate cash flow and value add potential. This property is currently stabilized and producing income, offering investors the opportunity to acquire an asset with upside through rent growth and continued management. Current rents are below market in several units, creating the potential to increase revenue over time while maintaining occupancy. Conveniently located near major employment corridors, retail amenities, and transportation routes. Ideal for investors seeking a cash flowing asset with the ability to improve returns through strategic rent adjustments and operational efficiencies. Financial information, rent roll, and additional property details available upon request.
Additional Information
- Actual Annual Rent
- 8315
- Annual City Tax
- 6516
- Annual County Tax
- 6792
- Construction
- Brick
- Foundation
- Slab
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- Kencor
- Lot Size
- 0
- New Financing
- Conventional
- Occupancy
- 93
- Parking Facility
- Asphalt/Blacktop
- Roof
- Shingle/Shake
- Stories
- 2
- Subdivision
- KENCOR
- Subtype
- Apartment Building
- Tenant Pays
- Some Utilities
- Year Built
- 1964
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Listing courtesy of Grand Point Realty, LLC.
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