Description
Location! Location! Location! Mins from Midtown and Downtown. DON'T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.
Details
| MLS # | 10218073 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 151 |
| Listing Provided By | Crye-Leike, Inc., REALTORS | Tyler Tapley |
Features
| Units | 5 |
|---|---|
| Building(s) | 2 |
Exterior
| Roof | Shingle/Shake |
|---|---|
| Construction | Vinyl Siding |
| Foundation | Other (See Remarks) |
Parking
| Parking Facility | Concrete, Enclosed |
|---|
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38104 |
| Area | Central Gardens |
| Subarea | 746B |
| Community Name | HORN BROTHERS |
| Listing VS Median (in HORN BROTHERS) | |
Price: $380,000 low | high Med: $0 On site: 151 low | high Med: | |
Market Activity 38104
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38104 |
| Area | Central Gardens |
| Subarea | 746B |
| Community Name | HORN BROTHERS |
| Listing VS Median (in HORN BROTHERS) | |
Price: $380,000 low | high Med: $0 On site: 151 low | high Med: | |
 | $380,0001515 Madison AveMemphis, TN 38104 |
 | $345,0001517 Court AveMemphis, TN 38104 |