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486 E Georgia Ave

Memphis, TN 38126
  • $550,000
  • STATUS: Pending
  • ON SITE: 40 Days
  • MLS #: 10207217
Pending
UPDATED: 45 min ago
$550,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.

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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: 2025-11-17T13:03:27.453.
www.redsearealtyco.com/homes/168625032
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486 E Georgia Ave Memphis, TN 38126

  • Price: $550,000
  • Status: Pending
  • On Site: 40 Days
  • Updated: 45 min ago
  • MLS #: 10207217
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
John Brown
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.
Exterior Features

Buildings 2 Construction Brick Foundation Slab Lot Size .35 Misc Exterior Sidewalks Parking Facility Concrete Roof Composition

Interior Features

Appliances Equipment Smoke Detector(s) Cooling Systems None Floors And Ceilings 8 FeetTileVinyl Floor Heating Systems Gas Hot Water Gas Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 10 3 Bedroom Units 0 Actual Annual Rent 53800 Annual City Tax 565 Annual County Tax 599 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 64560 Legal Subdivision Name JOHN BROWN Lot Number PTS 4-10* Multifamily Type Apartment Complex New Financing Conventional Operating Expenses Other (Call LA) Other Units 0 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Monthly Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of eXp Realty, LLC: 888-519-5113.



© 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: 2025-11-17T13:03:27.453.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654