25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents. Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.
Listed By
Agency Name: RP Newman Realty LLC
Agency Phone: 901-502-1823
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 4,266.71 per month $3,772.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $494.38 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1695 Ontario Ave | MLS# 10231501
This multi-family property located at 1695 Ontario Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $1,695,000. Search Frayser - East real estate on online.fusion2b.com today.