Memphis TN Multi Family for Sale

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Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.23 Acres
Year built:
1925
Baths:
MLS#:
10183809
Subdivision:
HIGHLAND HEIGHTS BLK 14

ADDITIONAL INFORMATION

Investors, here is your chance to get a 4-unit complex in a HOT part of town - close to Summer Ave., Berclair, Midtown and a lot of jobs! This spot has had a huge come-up in the last few years, with new businesses, apartment buildings, and city betterment initiatives going on nearby. Get in while it's affordable and reap the rewards for years to come with a cashflowing property offered at a killer price! 4 units total, 1 eff., 2 x 1/1 units, and 1 x 2/1 unit with a common laundry. Anchor tenant in place that keeps the property looking good and clean. The two rear ADUs are occupied currently and the front duplex is vacant and ready for tenants. Current rents are $475+$100/month for rent and utilities. Other is $685+$123.25/mon. Market rents for vacant units is $750 and $850 per month with $100-125/unit utility billback in lease. 2 units are vacant because current owner does not like Sec. 8 - if you aim for thatt, they should be filled pretty quickly!

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Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is 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. The data relating to real estate for sale on this web site is courtesy of the Memphis Area Association of Realtors Internet Data Exchange Program. Copyright 2024 Memphis Area Association of REALTORS. All rights reserved.



Memphis Real Estate

The median home value in Memphis, TN is $148,300. This is lower than the county median home value of $206,500. The national median home value is $338,100. The average price of homes sold in Memphis, TN is $148,300. Approximately 40.23% of Memphis homes are owned, compared to 45.77% rented, while 14% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Memphis real estate agent to arrange a tour today!

Memphis, Tennessee 38122 has a population of 634,139. Memphis 38122 is less family-centric than the surrounding county with 19.26% of the households containing married families with children. The county average for households married with children is 25.11%.

The median household income in Memphis, Tennessee 38122 is $43,981. The median household income for the surrounding county is $55,015 compared to the national median of $69,021. The median age of people living in Memphis 38122 is 34.2 years.

Memphis Weather

The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.3 degrees. The average rainfall is approximately 54.1 inches per year, with 3 inches of snow per year.

Memphis Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    70
    30-day change

Memphis Schools and Demographics

Education near Memphis, TN

Metric City County
High School Graduates 86.61 89.28
College Degree - 2 year 5.63 6.34
College Degree - 4 year 27.09 33.31
Graduate Degree 7.31 9.69
Expenditures per Student 12,225 12,225
Students per Teacher 15.8 15.8

Elementary Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Aurora Collegiate Academy KG - 03 175 14.8 38122
Belle Forest Community School PK - 05 1,153 20.9 38115
Berclair Elementary PK - 05 616 15 38122
Brewster Elementary PK - 05 484 14.7 38112
Campus School 01 - 06 329 65.8 38111
Douglass Elementary/Middle PK - 08 486 12.5 38108
Grahamwood Elementary PK - 06 1,025 16.6 38122
Jackson Elementary PK - 05 401 17.7 38108
Kingsbury Elementary PK - 06 625 14.5 38108
Macon-Hall Elementary PK - 05 1,156 18.7 38016
Promise Academy KG - 05 483 19.5 38108
Sea Isle Elementary PK - 05 515 14.3 38117
Sharpe Elementary PK - 05 514 16.1 38111
Sherwood Elementary PK - 05 713 16.6 38111
South Park Elementary PK - 05 648 17 38111
Springdale Elementary PK - 05 295 11.8 38108
Treadwell Elementary PK - 05 726 19.3 38122
Wells Station Elementary PK - 05 771 14.3 38108
White Station Elementary PK - 05 657 15.1 38117
Willow Oaks Elementary PK - 05 693 16.1 38117

Middle Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Colonial Middle School 06 - 08 1,092 17.4 38117
Cypress Middle School 06 - 08 0 38108
Hickory Ridge Middle School 06 - 08 902 19 38115
Highland Oaks Middle 06 - 08 786 20.1 38125
Kate Bond Middle 06 - 08 1,213 20.6 38133
Kingsbury Middle School 06 - 08 649 20.3 38122
KIPP Memphis Collegiate Middle 05 - 08 265 18.9 38108
KIPP Memphis Middle Academy 05 - 07 298 18.6 38108
Memphis Academy of Health Sciences 06 - 08 325 16.7 38108
Shannon Elementary PK - 05 0 38108
Treadwell Middle School 06 - 08 421 23.6 38122
White Station Middle School 06 - 08 1,312 18.2 38120

High Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
Bolton High School 09 - 12 1,878 20.3 38002
Central High School 09 - 12 1,635 21.5 38104
Cordova High School 09 - 12 2,039 21 38016
Douglass High School 09 - 12 531 15.6 38108
Germantown High School 09 - 12 2,001 21.9 38138
Kingsbury High School 09 - 12 1,151 21.2 38122
KIPP Memphis Collegiate High School 09 - 12 394 20.1 38108
MCS Prep. School - Northeast 09 - 12 0 0 38122
Overton High School 09 - 12 1,277 18.1 38117
Southwind High School 09 - 12 1,641 22.9 38125
White Station High School 08 - 12 2,330 22.8 38117
Whitehaven High School 09 - 12 1,852 19.6 38116

Ungraded Schools near Memphis, TN

School Grades Students P/T Ratio ZIP
* East Career Technology Center 07 - 12 0 0 38111
* Kansas Career and Technical Center 09 - 12 0 38106
* Kingsbury Vocational School 10 - 12 0 0 38122
* Memphis Adult High School 09 - 12 362 36.2 38111
* Sheffield Career and Technical Center 10 - 12 0 0 38118
* Southwest Career and Technical School 10 - 12 0 0 38109
* Trezevant Career and Technical School 09 - 12 0 0 38127
Avon Lenox School KG - 12 137 10.5 38117
Freedom Preparatory Academy 06 - 10 472 18.1 38109
Martin Luther King Transition Center KG - 12 867 86.7 38126
Memphis Academy of Science Engineering Middle/High 06 - 12 389 21.6 38103
Memphis Rise Academy 06 - 12 95 19 38122
Memphis School of Excellence 06 - 12 452 19.1 38141
Memphis Virtual School 06 - 12 97 8.1 38108
New Consortium of Law and Business 06 - 12 219 14.4 38134
Shrine School PK - 12 133 9.5 38118
Snowden School PK - 10 1,529 17.8 38112
Soulsville Charter School 06 - 12 632 14.7 38106
Woodstock High School 06 - 10 339 20.1 38053

Demographics near Memphis, TN 38122

Metric Zip Code City
Neighborhood Type Suburban
Population 634,139 929,178
Population Density 1,998 1,217
Median Age 34.2 35.7
People per Household 2.5 2.6
Median Household Income 43,981 55,015
Average Income per Capita 28,258 33,287