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741 NEPTUNE ST Memphis, TN 38104
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Key Details
Sold Price $219,390
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision Turners Neptune Street Re
MLS Listing ID 10189200
Sold Date 05/09/25
Year Built 1956
Annual Tax Amount $1,591
Property Sub-Type Fourplex
Property Description
Turnkey 4-Unit Investment ~ $2,500/Month Potential Income when 100% occupied ~ long term investors, house hackers and 1031 buyers, take notice! This cash-flowing 4-unit property is a prime investment opportunity with steady rental income and a vacant unit perfect for an owner-occupant or new tenant ~ just minutes from the Medical District, Downtown, and major employers, this property offers strong rental demand and long-term appreciation potential ~ each unit is a 1 bed / 1 bath ~ 3 of 4 units already rented at $625/month, and the vacant unit ready to be rented at the same rate, this property could gross $30,000/yr!! Recent updates/highlights: New roof 2020 ~ 3/4 units recently updated, including HVAC, kitchens, baths, and flooring providing a fully turnkey property with some value add potential ~ Low-maintenance ~ private parking ~ high cap rate opportunity in a growing rental market ~ call today for your private showing of this great investment opportunity!
Location
State TN
County Shelby
Area South Bluffs/Downtown
Interior
Heating Wall Heat
Cooling 1 Window Unit per Unit
Flooring Tile
Laundry None
Exterior
Parking Features Concrete
Roof Type Composition
Building
Story 2
Foundation Slab
Water Gas, Public Sewer, Public Water
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Timishia D Ortiz • eXp Realty, LLC