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901-465-7172
Real Estate Company
1088 National St, Memphis, TN 38122
- $1,066,000
- List Price
- $1,066,000
- MLS#
- 10231633
- Property Type
- Multifamily
- Lot Size
- 101 X 177.7/198.68
- Status
- ACTIVE
Property Description
This 15-unit opportunity consists of 14-2br's plus one 3BR single-family residence. All units feature central heating and air. The scheduled monthly rental income 10,900. The current owner has owned the properties for 10 years. Rents are slightly below market. This creates an opportunity for an experienced investor to raise increase revenue through strategic rental adjustments . Retiring owner is ready to do a deal with a serious buyer. Please drive by only, please do not disturb residents.
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Additional Information
- Actual Annual Rent
- 130800
- Annual City Tax
- 3972
- Annual County Tax
- 4140
- Annual Insurance Expense
- 12301
- Construction
- Brick/Veneer, Vinyl Siding
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Pope
- Lot
- 32
- Lot Size
- 101 X 177.7/198.68
- New Financing
- Other (Call LA)
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Stories
- 2
- Subdivision
- POPE
- Subtype
- Apartment Building
- Tenant Pays
- Other (Call LA)
- Year Built
- 1965
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Listing courtesy of Crye-Leike Commercial.
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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.