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About This Home
This 0-bedroom, 0-bathroom multi-family at 4010 SUMMER Ave in Memphis, TN is listed for $685,000 ($125 per sqft). Built in 1960, the home offers 5,488 sqft of living space on a N/A lot.
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 returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today's market. Don't miss out on this rare investment. Contact me today for additional details or to schedule a private showing.
Key Features
- Built in 1960
Property Details
Monthly Cost Estimate
$3,664/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4010 SUMMER Ave
Memphis, TN 38122
BRATTAIN RAYMOND
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 4010 SUMMER Ave is listed at $685,000 ($125/sqft). The estimated monthly payment is $2,968 based on 20% down at 6.5% interest.
Key features include: Built in 1960.
This property is listed by Anna Palazola and can be reached at 9013833968 or sellwithannapalazola@gmail.com.
