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1034 Patton St, Memphis, TN 38106

$695,000
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List Price
$695,000
MLS#
10232090
Property Type
Multifamily
Lot Size
70X171.8
Status
ACTIVE
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901-465-7172

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.

901-465-7172
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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.