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116/2829 Sonora Drive

Memphis TN 38115

2
2
0.2 ac.
Condo
Currently for sale - view listing

Overview

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.

Features

2 bedrooms
2 bathrooms
0.2 ac. lot size
Condo

Happy sellers in Memphis

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We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.

Local market activity for 2 bedroom condos in Memphis

In the last 12 months, 11 two-bedroom condos similar to 116/2829 Sonora Drive, have been sold.

This represents a 48% increase in two-bedroom condos sales when compared to the previous 12 months.

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