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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
Heating System:
Gas
Cooling System:
1 Window Unit Per Unit
FOUNDATION:
Slab
Parking Facility:
Asphalt/blacktop
Address Map
Country:
US
State:
TN
County:
Shelby
City:
Memphis
Subdivision:
Kencor
Zipcode:
38127
Street:
CORNING
Street Number:
1861
Street Suffix:
AVE
Floor Number:
0
Longitude:
W91° 59' 53.2''
Latitude:
N35° 13' 29.3''
Directions:
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
Agent ID:
17978
Status:
Active
Type:
Apartment Building
# of Stories:
2
Multi-Family 1 Bedroom Units:
0
Multi-Family 2 Bedroom Units:
14
Multi-Family 3 Bedroom Units:
0
Lot Size:
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 :
94
Contact Agent