Anna Palazola
4010 Summer Ave Memphis, TN 38122
PRICED AT $575,000
Listing Details
- $575,000
- MLS# 10220598
- Type Multi Unit - Multiple
- Status Active
- 18 Bedrooms
- 1960 Year Built
Description
FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts?rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility....read more
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