736 Richmond Avenue

Memphis TN 38106

3888 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Investor opportunity! Six unit multifamily property consisting of 6 2bed/1bath units with approximately 3,888 total square feet. Each unit has individual utilities, helping reduce owner expenses. Six units offer upside: 4 are currently under rented & 2 are vacant. There is immediate value add and potential to boost cash flow! Units #1, #3, and #5 have been renovated, adding to the property’s appeal and rental potential. Unit #5 is rent ready, while Unit #2 was recently vacated and freshly painted. Unit #4 was renovated about two years ago and remains in good condition. Unit #6 has a long term tenant. Four units are equipped with gas wall heaters and two units feature newer hardwired electric heaters. *Current rents: Unit 1: $650, Unit 2: Vacant, Unit 3: $992 (Section 8), Unit 4: $600, Unit 5: Rent Ready, Unit 6: $525. Strong investment opportunity with value add potential.

Features

12 bedrooms

3888 sq. ft. floor area

Multi-Family

Property history for 736 Richmond Avenue

2022

Sold

Undisclosed

18 May 2022

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Local market activity for 12 bedroom multi families in Memphis

In the last 12 months, 1 numeral.12-bedroom multi family similar to 736 Richmond Avenue, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Jonathan Nunez

at Fast Track Realty, LLC

View listing

Sales:: (619) 566-0008

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