$175,000
$200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
761 RICHMOND 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 Mc Nutt
MLS Listing ID 10196578
Sold Date 11/26/25
Year Built 1969
Annual Tax Amount $1,067
Property Sub-Type Fourplex
Property Description
Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Central
Cooling 2+ Window Units per Unit
Flooring Dry Wall, Tile
Laundry Connections
Exterior
Parking Features More Than 1 Per Unit
Roof Type Shingle/Shake
Building
Story 2
Foundation Slab
Water Gas
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Dylan Patel • Grand Point Realty, LLC