Property Description

3 of 4 units rented! Rent is $650/month for all units, plus each tenant pays $150/month towards utilities. The property is a duplex up front (Units 1 and 2) with two ADUs in the rear (3 & 4). Unit 4 was just rehabbed and is ready for leasing now. Unit 3 was just rehabbed when the tenant moved out last year according to owner. Units 1 & 2 were done in 2023 and 2024, so it’s ready for several years of profitable ownership for you! Seller is selling to move funds to local market. No seller financing/assignable offers will be accepted. This 4-unit property is located just off of Summer Ave and Sam Cooper Blvd, just E of Midtown – it is proving to be a fantastic area for investors, with stable tenants for the price range, and nice room for appreciation. Small multifamily is rare here, so consider this one if you’re interested at all! There may not be another chance for a while once it’s gone!

Features

Heating System:: Other (see Remarks)
Cooling System:: Central, 1 Window Unit Per Unit, 2+ Window Units Per Unit
FOUNDATION:: Conventional/crawl Space
Parking Facility:: Asphalt/blacktop, Offsite/street

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: HIGHLAND HEIGHTS BLK 14
Zipcode:: 38122
Street:: BOWEN
Street Number:: 3468
Street Suffix:: AVE
Floor Number:: 0
Longitude:: W90° 3' 17.1''
Latitude:: N35° 9' 12.7''
Directions:: Driving W on Summer Ave., take a right onto National, then a left onto Bowen. The property is on the right.