Do Real Estate on the Go!
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$685,000
-- Bed
-- Bath
5,488sqft
4010 Summer Ave, Memphis, TN 38122
$685,000
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Apartment
Built in 1960
$-- HOA
-- sqft lot
$125/sq.ft
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...
Continue Reading- Houzeo last checked: 2 Minutes ago
- Listing updated: May 1, 2026 at 5:07 pm
- Listing Provided by: Anna Palazola (901) 383-3968 | Crye-Leike, Inc., REALTORS (901) 260-4780
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10220598
Property Details
Status
Active
Type
Condominium
No. of Stories
2
County
City
Neighborhood
--
Year Built
1960
HOA Fees
-
Finished Area
5,488 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10220598
MLS Status
Active
Days on Market
36
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