Property Description
Investment opportunity in North Memphis with immediate cash flow and value add potential. This property is currently stabilized and producing income, offering investors the opportunity to acquire an asset with upside through rent growth and continued management. Current rents are below market in several units, creating the potential to increase revenue over time while maintaining occupancy. Conveniently located near major employment corridors, retail amenities, and transportation routes. Ideal for investors seeking a cash flowing asset with the ability to improve returns through strategic rent adjustments and operational efficiencies. Financial information, rent roll, and additional property details available upon request.
Features
: Gas
: 1 Window Unit Per Unit
: Slab
: Asphalt/blacktop
Address Map
US
TN
Shelby
Memphis
Kencor
38127
CORNING
1861
AVE
0
W91° 59' 53.2''
N35° 13' 29.3''
From Downtown Memphis, take Watkins St. north past Frayser Blvd. Turn right (east) onto Corning Ave. Continue east on Corning Ave to the property at 1861 Corning Ave on the right.
MLS Addon
17978
Active
: Apartment Building
2
0
14
0
0.85
Multi-family For Sale
1861 CORNING AVE, Memphis, Tennessee 38127
0 Bedrooms
0 Bathrooms
0 Sqft
$700,000
Listing ID #10222979
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 10222979
Price : $700,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1964
Lot Area : 0 Acre
Status : Active
Days On Market : 24
Contact Agent

