6895 E Water Point Cv, Memphis, TN 38141
- $390,000
- Sold Price
- $390,000
- List Price
- $425,000
- Closing Date
- Jun 17, 2026
- MLS#
- 10222850
- Property Type
- Multifamily
- Status
- CLOSED
Property Description
Investor Opportunity! Owner/Agent offering a unique portfolio sale consisting of 5 income-producing homes on 3 parcels: 4106 Knight Arnold Rd, 4946 Churnak Cove, and 6895 E Water Point Cove. Portfolio includes 2 cottages and 3 single-family homes, all currently occupied by long-term tenants on month-to-month leases. Immediate rental income in place with flexibility for future repositioning, rent adjustments, renovations, resale, or continued investment hold. Properties are located in multiple areas of Memphis, providing diversification within a single acquisition. Excellent opportunity for investors seeking cash flow from day one while retaining the option to make future improvements or ownership changes as leases expire. Properties are being sold together as a package. Do not disturb tenants. Showings and inspections subject to accepted contract and seller approval. Proof of funds or lender qualification required with offers. Contact agent for parcel information, rent roll, or other.
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Additional Information
- Actual Annual Rent
- 4695
- Annual County Tax
- 1377
- Construction
- Brick, Brick/Veneer
- Foundation
- Slab
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- The Village Of Lake Point
- Lot
- 120
- New Financing
- Conventional
- Occupancy
- 100
- Parking Facility
- Concrete, Offsite/Street
- Roof
- Composition
- Stories
- 1
- Subdivision
- LAKE POINT (THE VILLAGE OF)
- Subtype
- Other (See REMARKS)
- Tenant Pays
- Other (Call LA)
- Year Built
- 1994
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Listing courtesy of Harbur Realty. Selling Office: Harbur Realty.
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