Under contract

4010 SUMMER Ave, Memphis, TN 38122

Beds
18
Sqft
5,488

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCrye-Leike, Inc., REALTORS
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Overview

FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today’s market. Don’t miss out on this rare investment. Contact me today for additional details or to schedule a private showing.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
18
Square feet
5,488
Year built
1960

Exterior features

Horse amenities
Stable

Utilities

Heating
Central
Cooling
Central Air
Sewer
Public Sewer

Taxes

Tax Annual Amount
$11,269

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Memphis Area Association of Realtors MLS®#: 10220598 Last checked:

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