Property Description

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. There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. 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). 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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.

Features

Swimming Pool:: No
Heating System:: Central
Cooling System:: Central
Fireplaces:: 0
PARKING/STORAGE:: Driveway/pad

Address Map

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.