Property Description

Excellent investment opportunity in East Memphis! Newly renovated 10-unit multifamily property conveniently located just off Walnut Grove Road. Property is currently approximately 80% occupied and generating over $8,600 per month in rental income, offering immediate cash flow with additional upside through lease-up and rent optimization. Recent improvements have enhanced the property’s appeal and tenant desirability. Situated in a highly accessible location near major employment centers, shopping, dining, and transportation corridors. Whether you’re looking to expand your portfolio or acquire a stabilized asset with value-add potential, this property presents a compelling opportunity. Financial information available upon request. Buyer to verify all information deemed important. DO NOT DISTURB TENANTS

Features

Heating System:: Other (see Remarks)
Cooling System:: Other (see Remarks)
FOUNDATION:: Other (see Remarks)
Parking Facility:: Asphalt/blacktop

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: EAST COVE
Zipcode:: 38111
Street:: HAYDEN
Street Number:: 160
Street Suffix:: PL
Floor Number:: 0
Longitude:: W90° 2' 25.4''
Latitude:: N35° 8' 10.8''
Directions:: Head toward Carpenter St ? 0.2 mi Turn right onto Lipford St ? 272 ft Turn left onto Princeton Ave ? 0.1 mi Turn right onto Tillman St ? 0.6 mi Turn left onto Waynoka Ave ? 0.1 mi Turn right onto Hayden Pl ? Destination will be on the left