478 E Georgia Ave E, Memphis, TN 38126

$925,000

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List Price
$925,000
MLS#
10232457
Property Type
Multifamily
Lot Size
78/252 IRR X 178 + 8.5/323
Status
ACTIVE

Property Description

This 14 unit is located near the downtown area. It represents a unique opportunity for an experienced rehab investor. Most of the rehab work has been done. Rehab was from the studs out and includes new electrical and plumbing. The units are all 2 bedrooms. Current rents average 695/mo . Market rents are a minimum of 895. Call listing agent to make arrangements to show. Drive by only, please. Have lender that will finance 90% including rehab costs...

Additional Information

Annual City Tax
3487
Annual County Tax
3635
Construction
Brick/Veneer
Foundation
Slab
Hot Water
Electrical
Legal Subdivision
John Brown
Lot
12 &PT3*
Lot Size
78/252 IRR X 178 + 8.5/323
New Financing
Conventional
Occupancy
50
Parking Facility
Asphalt/Blacktop
Roof
Composition
Stories
2
Subdivision
JOHN BROWN
Subtype
Apartment Building
Tenant Pays
All Utilities
Year Built
1966

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Listing courtesy of Crye-Leike Commercial.

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.