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760 Richmond Ave

Memphis, TN 38106
  • $300,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 10194704
Price Reduced
UPDATED: 79 min ago
$300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

Perfect for House-Hackers or Savvy Investors! This updated four-plex features 4 spacious 2 bed / 1 bath units, making it an ideal opportunity to live in one unit while renting out the others. Previosuly renovated inside and out! Featuring fresh exterior paint, updated flooring, modern fixtures, and more. Can potentially generate $4,720/month with full occupancy on section 8. Each unit is separately metered for electricity, offering efficiency and ease for both landlord and 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: 2025-05-23T16:03:44.347.
www.redsearealtyco.com/homes/162784187
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760 Richmond Ave Memphis, TN 38106

  • Price: $300,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 79 min ago
  • MLS #: 10194704
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Mcnutt
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Perfect for House-Hackers or Savvy Investors! This updated four-plex features 4 spacious 2 bed / 1 bath units, making it an ideal opportunity to live in one unit while renting out the others. Previosuly renovated inside and out! Featuring fresh exterior paint, updated flooring, modern fixtures, and more. Can potentially generate $4,720/month with full occupancy on section 8. Each unit is separately metered for electricity, offering efficiency and ease for both landlord and tenants.
Exterior Features

Buildings 1 Construction BrickOther (See Remarks) Foundation Other (See Remarks)Slab Lot Size 50 X 158.5 Parking Facility ConcreteGravel Roof Shingle/Shake

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Other (See Remarks)TileVinyl Floor Heating Systems Other (See Remarks) Hot Water Public SewerPublic Water Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 4 3 Bedroom Units 0 Actual Annual Rent 13200 Annual City Tax 455 Annual County Tax 483 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Gross Potential Annual Rent 4720 Legal Subdivision Name MCNUTT Lot Number 1 Multifamily Type Fourplex New Financing Conventional Operating Expenses Insurance Other Units 0 Percent Occupancy 25 Possession At Closing Sale Includes No FurnishingsOther (See REMARKS) Source Of Info Owner Tenant Pays Electric Type Of Leases Subsidized Rents Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Fast Track Realty, LLC: 901-767-8770.



© 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: 2025-05-23T16:03:44.347.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654