BEDS18
BATHS
MLS#10220598
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRAYMOND BRATTAIN
NEIGHBORHOODKingsbury
Property Description
Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts?rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today's market. Don't miss out on this rare investment. Contact me today for additional details or to schedule a private showing.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central
Roof Type: Composition, Shingle/Shake
Stories: 2.0
Year Built: 1960
Feature Descriptions
Days on Site: 1
Floors/ Ceilings: Hardwood Throughout, Tile
Units: 6
Listed By / Shown By
Listed By
Agency Name: Crye-Leike, Inc., REALTORS
Agency Phone: (901) 383-3968
Agent Name: Anna Palazola
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 1,724.30 per month $1,524.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $199.79 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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4010 Summer Ave | MLS# 10220598
This multi-family property located at 4010 Summer Ave, Memphis, TN 38122 is currently listed for sale by Crye-Leike, Inc., REALTORS, with an asking price of $685,000. Search Kingsbury real estate on www.crye-leike.com today.