$175,000
$200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
412 E MCLEMORE AVE Memphis, TN 38106
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision Washington Hgts Blk 4
MLS Listing ID 10196554
Sold Date 11/26/25
Year Built 1966
Annual Tax Amount $991
Property Sub-Type Fourplex
Property Description
Great investment opportunity in South Memphis! This 4-unit multifamily is fully occupied and brings in approx. $24,600 in annual net operating income. Renovated in 2016 with updated systems. Located minutes from Downtown, the STAX Museum, and historic Soulsville. Each unit is separately metered, and the property is professionally managed. Steady income in an area experiencing revitalization makes this ideal for long-term investors. Please do not disturb tenants. Showings by accepted offer only.
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Floor Furnace, Other (See Remarks), Wall Heat
Cooling 1 Window Unit per Unit
Flooring Dry Wall, Tile
Laundry Connections
Exterior
Parking Features More Than 1 Per Unit
Roof Type Shingle/Shake,Slate
Building
Story 2
Foundation Slab
Water Other (See REMARKS)
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Dylan Patel • Grand Point Realty, LLC