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$ 1,695,000
Est. payment /mo
New
1695 ONTARIO AVE Memphis, TN 38127
UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Subdivision Willis
MLS Listing ID 10231501
Year Built 1974
Annual Tax Amount $10,500
Property Sub-Type Apartment Complex
Property Description
25 UNITS | 100% OCCUPIED | OWNER FINANCING AVAILABLE! Excellent opportunity to acquire two fully occupied multifamily buildings totaling 25 units (16 + 9) in Memphis. All units feature 2 bedrooms and 1 bathroom, generating approximately $276,000 in annual base rental income at current rents. Immediate income with established tenants and professional property management already in place and willing to remain. Potential for additional revenue growth. Ideal for investors looking to expand their portfolio or acquire a stabilized, income-producing multifamily asset. Owner financing available with acceptable terms. Purchase both buildings together or inquire about individual purchase options. Contact the listing broker for rent roll, financials, financing details and additional information. Owner/Agent.
Location
State TN
County Shelby
Area Frayser - East
Interior
Heating Central
Cooling Central
Flooring Other (See Remarks)
Equipment Other (See REMARKS)
Laundry Common Laundry
Exterior
Parking Features Asphalt/Blacktop
Roof Type Other (See REMARKS)
Building
Foundation Other (See Remarks)
Water Electrical
Others
Miscellaneous Other (See Remarks)
Listed by Robert P Newman • RP Newman Realty LLC