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$1,200,000
-- Bed
-- Bath
--sqft
1044 Delmar Ave, Memphis, TN 38105
$1,200,000
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Multi Family
Built in 1912
$-- HOA
-- sqft lot
--/sqft
Description
Great investment opportunity! Gated Delmar-Lema Village with 23 units near the Medical District. 6.9% pro forma cap rate. 1 bed/1 bath units with extensive capital improvements: LVP flooring, interior paint, new plumbing, stainless steel appliances, central heat and A/C, and more. All exteriors have fresh paint and newer roofing. Entire perimeter is fenced with solar powered double entry security gate installed at the entrance. Just blocks from the VA Medical Center, LeBonheur Children's Hospital, Regional One, and close to downtown Memphis. Surrounding area is currently being revitalized with many new & upcoming developments. Seller financing will be considered.
- Houzeo last checked: 16 minutes ago
- Listing updated: July 30, 2026 at 3:12 pm
- Listing Provided by: Dominey Shaw (901) 273-6577 | Myers Cobb Realtors, LLC (901) 552-4036
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10218077
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1912
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10218077
MLS Status
Active
Days on Market
123
Cumulative Days on Market
121
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