4010 Summer Ave, Memphis, TN 38122
- $575,000
- List Price
- $575,000
- Price Change
- ▼ $24,000 1782964660
- MLS#
- 10220598
- Property Type
- Multifamily
- Lot Size
- 14,350
- Status
- PENDING
Property Description
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.
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Additional Information
- Annual City Tax
- 5518
- Annual County Tax
- 5751
- Construction
- Brick/Veneer
- Foundation
- Slab
- Hot Water
- Electrical, Public Sewer
- Legal Subdivision
- Brattain Raymond
- Lot
- N PT 18
- Lot Size
- 14,350
- New Financing
- Conventional, Other (Call LA)
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition, Shingle/Shake
- Stories
- 2
- Subdivision
- RAYMOND BRATTAIN
- Subtype
- Apartment Building
- Tenant Pays
- All Utilities
- Year Built
- 1960
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Listing courtesy of Crye-Leike, Inc., REALTORS.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.