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.
48 days
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66
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5
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Zillow last checked:
Listing updated:
Listed by:
Dylan Patel,
Grand Point Realty, LLC901-878-5255
Source: MAAR,MLS#: 10222979
Facts & features
Interior
Heating
Natural Gas
Cooling
1 Window Unit per Unit
Appliances
Laundry: None
Features
Flooring: Vinyl
Furnished: Yes
Property
Parking
Parking features: Asphalt/Blacktop
Features
Stories: 2
Lot
Size: 0.85 Acres
Dimensions: 0.85
Details
Parcel number: 072001 00114
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick
Foundation: Slab
Roof: Shingle/Shake
Condition
Year built: 1964
Community & HOA
Community
Subdivision: Kencor
Location
Region: Memphis
Financial & listing details
Annual tax amount: $13,308
Date on market: 6/2/2026
Listing terms: Conventional
Inclusions: All Appliances, All Equipment, All Furnishings
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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