Memphis, TN 38104,741 NEPTUNE ST
Memphis, TN 38104,741 NEPTUNE ST
Memphis, TN 38104,741 NEPTUNE ST
Memphis, TN 38104,741 NEPTUNE ST
Memphis, TN 38104,741 NEPTUNE ST
Memphis, TN 38104,741 NEPTUNE ST
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$219,390

$225,000

2.5%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/09/2025

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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Listed by Donnie K Morrow • eXp Realty, LLC
Bought with Timishia D Ortiz • eXp Realty, LLC
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