1515 MADISON AVE, Memphis, TN 38104
1515 MADISON AVE, Memphis, TN 38104
1515 MADISON AVE, Memphis, TN 38104
1515 MADISON AVE, Memphis, TN 38104
1515 MADISON AVE, Memphis, TN 38104
1515 MADISON AVE, Memphis, TN 38104
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$ 380,000
Est. payment | /mo

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$ 380,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Other (See REMARKS)

Listing Status Active

Purchase Type For Sale

Subdivision Horn Bros

MLS Listing ID 10218073

Year Built 1956

Annual Tax Amount $5,475

Property Sub-Type Other (See REMARKS)

Property Description

Location! Location! Location! Mins from Midtown and Downtown. DON'T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.

Location

State TN

County Shelby

Area Central Gardens

Interior

Heating Central

Cooling Central

Flooring Tile

Laundry Common Laundry

Exterior

Parking Features Concrete, Enclosed

Roof Type Shingle/Shake

Building

Foundation Other (See Remarks)

Water Public Sewer, Public Water

Others

Miscellaneous Wood Fence

Listed by Tyler Tapley • Crye-Leike, Inc., REALTORS

Nearby Locations

Brittan Robbins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(901) 494-6401

brobbins0502@gmail.com

7121 Regal Lane, Ste 215, Knoxville, TN 37918

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1515 MADISON AVE