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

