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2012 Carnes Ave

Memphis, TN 38114
  • $289,900
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 10208512
UPDATED: 47 min ago
$289,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Dont miss this great opportunity to own an income-producing multi-family property!

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© 2025 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: 2025-11-15T15:03:16.357.
www.redsearealtyco.com/homes/169260906
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2012 Carnes Ave Memphis, TN 38114

  • Price: $289,900
  • Status: Active
  • On Site: 19 Days
  • Updated: 47 min ago
  • MLS #: 10208512
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Flower Garden
County:
Shelby
Area:
South Memphis/Glenview
Property Description
Located in a solid rental area, this 4-plex property offers excellent income potential. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it a versatile addition to any investment portfolio. One of the 2-bedroom units was previously rented to a Section 8 tenant for $945 per month, demonstrating strong rental demand. With full occupancy, this property has the potential to generate $3,200+ in monthly income. Conveniently situated near Downtown Memphis, Midtown, and major freeway access, this property provides easy access to dining, shopping, and employment centers. Dont miss this great opportunity to own an income-producing multi-family property!
Exterior Features

Buildings 1 Construction Brick Foundation Partial Basement Lot Size 50 X 130.5 Parking Facility Asphalt/BlacktopConcrete Roof Shingle/Shake

Interior Features

Cooling Systems Gas Floors And Ceilings Hardwood ThroughoutTile Heating Systems BaseboardFloor Furnace Hot Water Public Water Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 2 3 Bedroom Units 0 Annual City Tax 1230 Annual County Tax 1304 Assumption No AssumptionOther (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name FLOWER GARDEN Lot Number 133-134 Multifamily Type Fourplex New Financing ConventionalOther (Call LA)Private Operating Expenses Other (Call LA) Other Units 0 Possession At Closing Sale Includes Some Appliances Source Of Info Current Records Tenant Pays All Utilities Type Of Leases None Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of ResiAmerica, Inc.: 901-730-8033.



© 2025 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: 2025-11-15T15:03:16.357.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654