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$ 185,000
Est. payment /mo
New
226 E ALSTON AVE Memphis, TN 38126
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision James Lee Curtis Place
MLS Listing ID 10232440
Year Built 1930
Property Sub-Type Fourplex
Property Description
Investment Opportunity! Fourplex in progress near downtown Memphis, conveniently located near the VA office. This approximately 3,055-square-foot property is designed for four 2-bedroom, 1-bath units, offering potential for multiple rental income streams. Seller reports approximately 80% framing completion, roof structure in place with shingles remaining, and plumbing rough-in and top-out completed and passed. Architectural plans are available for an additional $2,500. Seller also reports approval for a $20,000 DMC grant, subject to buyer verification of availability, eligibility, and terms. Seller estimates a potential finished value near $400,000. Buyer to independently verify square footage, unit configuration, permits, inspections, grant eligibility, projected value, and remaining construction costs. Property sold strictly as-is. Bring your vision and unlock the potential of this multifamily investment! No wholesalers, no assignments, no creative financing.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Interior
Heating Other (See Remarks)
Cooling Other (See Remarks)
Flooring Other (See Remarks)
Laundry None
Exterior
Parking Features Detached
Roof Type Shingle/Shake
Building
Foundation Other (See Remarks)
Water Other (See REMARKS)
Listed by Arlexus A Holmes • BHHS Taliesyn Realty