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901-465-7172
Real Estate Company
1034 Patton St, Memphis, TN 38106
- $695,000
- List Price
- $695,000
- MLS#
- 10232090
- Property Type
- Multifamily
- Lot Size
- 70X171.8
- Status
- ACTIVE
Property Description
60% occupied with the 3 units currently being marketed for rent at $785, and the final one needing minor cosmetic items to be ready to market. There is huge potential with this one due to the proximity of the xAI plants in Southaven and Memphis. Furnished units are commanding a premium rent in the area with flexible leases! Conveniently located across from the Gaston Community Center and Library. This building appraised at $802k. This can also be purchased as a package with 11 other properties at $1.62 million. Total appraised value is $1.82 million for the entire package.
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Additional Information
- Actual Annual Rent
- 56280
- Annual City Tax
- 4126
- Annual County Tax
- 4301
- Construction
- Brick
- Foundation
- Slab
- Hot Water
- Gas
- Legal Subdivision
- Latham
- Lot
- 3
- Lot Size
- 70X171.8
- New Financing
- Conventional, Other (Call LA), Wrap
- Occupancy
- 60
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Subdivision
- LATHAM
- Subtype
- Apartment Building
- Tenant Pays
- All Utilities
- Year Built
- 1964
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Listing courtesy of CrestCore Realty MphsBrokerage.
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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.