1515 Madison Ave - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$480,000 USD
901-273-6648
1515 Madison Ave, Memphis, TN for Sale
$480,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1515 Madison Ave
Memphis, TN 38104
Midtown Memphis


OVERVIEW

Prime Midtown Investment Opportunity! Located on vibrant Madison Avenue just steps from Overton Square, this renovated five-unit multifamily property offers excellent rental income potential. The main house features four spacious units, plus a separate apartment above the garage. Major updates include 2017 renovations with new HVAC and a new roof in 2019. Several units have been modernized with updated flooring, countertops, and appliances. Added conveniences include an onsite laundry room and strong tenant appeal from the walkable location.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

5

PRICE/UNIT

$96,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CMU-3

APN/PARCEL ID

01-7030-0-0004

ASK ABOUT THIS PROPERTY

Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

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Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.