Location! Location! Location! Mins from Midtown and Downtown. DON’T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.
- Heating System:
- Central
- Cooling System:
- Central
- FOUNDATION:
- Other (see Remarks)
- Parking Facility:
- Concrete, Enclosed
- Country:
- US
- State:
- TN
- County:
- Shelby
- City:
- Memphis
- Subdivision:
- HORN BROS
- Zipcode:
- 38104
- Street:
- MADISON
- Street Number:
- 1515
- Street Suffix:
- AVE
- Floor Number:
- 0
- Longitude:
- W91° 59' 20.9''
- Latitude:
- N35° 8' 17.3''
- Directions:
- Take Exit 30 off I-65 N towards Union Ave, Follow Union Ave E, turn N onto S Cleveland St, turn E onto Madison Ave, The property will be on your R.
- Agent ID:
- 12880
- Status:
- Active
- Type:
- Other (see Remarks)
- # of Stories:
- 0
- Multi-Family 1 Bedroom Units:
- 2
- Multi-Family 2 Bedroom Units:
- 1
- Multi-Family 3 Bedroom Units:
- 0
- Lot Size:
- 50 X 155
Multi-family For Sale
1515 MADISON AVE, Memphis, Tennessee 38104
- Property Type :
- Multi-family
- Listing Type :
- For Sale
- Listing ID :
- 10218073
- Price :
- $380,000
- Bedrooms :
- 0
- Bathrooms :
- 0
- Half Bathrooms :
- 0
- Square Footage :
- 0 Sqft
- Year Built :
- 1956
- Lot Area :
- 0 Acre
- Status :
- Active
- Days On Market :
- 157
