2012 Carnes Ave, Memphis, TN 38114

$229,900
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List Price
$229,900
Price Change
▼ $25,000 1784828423
MLS#
10208512
Property Type
Multifamily
Lot Size
50 X 130.5
Status
ACTIVE
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+9012703779

Property Description

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Don’t miss this great opportunity to own an income-producing multi-family property!

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Additional Information

Annual City Tax
1230
Annual County Tax
1304
Construction
Brick
Foundation
Partial Basement
Hot Water
Public Water
Legal Subdivision
Flower Garden
Lot
133-134
Lot Size
50 X 130.5
New Financing
Conventional, Other (Call LA), Private
Parking Facility
Asphalt/Blacktop, Concrete
Roof
Shingle/Shake
Stories
2
Subdivision
FLOWER GARDEN
Subtype
Fourplex
Tenant Pays
All Utilities
Year Built
1925
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