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$ 215,000
Est. payment /mo
New
259 MARYLAND AVE Memphis, TN 38126
1,560 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $137
Subdivision Cocke Caroline J
MLS Listing ID 10232910
Year Built 1958
Annual Tax Amount $3,443
Property Sub-Type Fourplex
Property Description
Great investment opportunity to own an updated fourplex with **immediate rental income and additional cash flow potential!** This multifamily property features a newer roof, updated flooring, tile, kitchens, and bathrooms. Two units are currently occupied, generating **$1,275 per month ($15,300 annually)** in gross rental income. The two vacant units present an opportunity to increase rental revenue through additional leasing, potentially strengthening the property's overall cash flow. Ideal for investors looking to expand their portfolios with an income-producing property that offers existing rental income, value-added potential, and room for future growth.
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Other (See Remarks)
Cooling Other (See Remarks)
Flooring Vinyl Floor
Equipment Other (See REMARKS)
Laundry None
Exterior
Parking Features Gravel
Roof Type Composition
Building
Story 1
Foundation Slab
Water Other (See REMARKS)
Listed by Terrance A Hill • eXp Realty, LLC