4010 Summer Ave - Apartments FOR SALE


Memphis, TN 38122- Berclair
$599,000 USD
901-383-3968
4010 Summer Ave, Memphis, TN for Sale
$599,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

4010 Summer Ave
Memphis, TN 38122
Berclair


OVERVIEW

FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare andin high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVACsystems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule withimmediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strongrental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this areincreasingly 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.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

6

PRICE/UNIT

$99,833

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,331 SF

ZONING

RMM

APN/PARCEL ID

05-5069-0-0049

ASK ABOUT THIS PROPERTY

Anna PalazolaCrye-Leike, RealtorsMore Info
901-383-3968

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Anna PalazolaCrye-Leike, RealtorsMore Info
901-383-3968

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