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1088 National Ave

Memphis, TN 38122
  • $1,074,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 10221404
UPDATED: 37 min ago
$1,074,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

National is a 15-unit investment opportunity with a 14-unit multifamily plus a separate 3-bedroom single-family. The units are all 2-bedrooms equipped with central heating and air, along with stoves and refrigerators. The single-family home offers central heating and air, a stove, refrigerator, and washer and dryer for added tenant appeal. Current scheduled gross monthly income is $10,900, providing immediate cash flow. Please do not disturb tenants, drive by only.

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-07T19:03:11.83.
www.redsearealtyco.com/homes/176387828
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1088 National Ave Memphis, TN 38122

  • Price: $1,074,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 37 min ago
  • MLS #: 10221404
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Pope
County:
Shelby
Area:
Midtown/Holmes
Property Description
National is a 15-unit investment opportunity with a 14-unit multifamily plus a separate 3-bedroom single-family. The units are all 2-bedrooms equipped with central heating and air, along with stoves and refrigerators. The single-family home offers central heating and air, a stove, refrigerator, and washer and dryer for added tenant appeal. Current scheduled gross monthly income is $10,900, providing immediate cash flow. Please do not disturb tenants, drive by only.
Exterior Features

Buildings 2 Construction Brick/VeneerVinyl Siding Foundation Slab Land Sq Ft 18992 Lot Size 101 X 177.7/198.68 Parking Facility Asphalt/Blacktop Roof PitchedShingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Vinyl FloorWood Laminate Floors Heating Systems Central Hot Water Electrical Improved Sq Ft 10304 Laundry None Leaseable Sq Ft 10304

Property Features

1 Bedroom Units 0 2 Bedroom Units 14 3 Bedroom Units 1 Actual Annual Rent 130800 Annual City Tax 3972 Annual County Tax 4140 Annual Insurance Expenses 11715 Annual Operating Expenses 30928 Assumption No Assumption Average Annual Utilities 3948 Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 147600 Legal Subdivision Name POPE Lot Number 32 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 2 BR - 1 Bath3 BR - 1 Bath

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-07T19:03:11.83.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654