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877 Polk Ave

Memphis, TN 38126
  • $195,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 10196507
Price Reduced
UPDATED: 78 min ago
$195,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit is occupied by a long-term tenant $775 month to month , while the remaining units are ready for immediate occupancy. Potential rent $875"$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant.

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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: 2025-06-25T00:03:33.597.
www.redsearealtyco.com/homes/163723833
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877 Polk Ave Memphis, TN 38126

  • Price: $195,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 78 min ago
  • MLS #: 10196507
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1957
Built
Neighborhood:
Overton & Grosvenor
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
Investor special on this 4plex offers an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with standard renovations completed to make the property rent-ready. The property is being sold as-is and can be delivered vacant, providing flexibility for the new owner. Previously appraised for $215k and is back on the market due to no fault of the seller. Currently, one unit is occupied by a long-term tenant $775 month to month , while the remaining units are ready for immediate occupancy. Potential rent $875"$900 per unit. Don't miss this chance to own a solid income-producing. Serious offers only . Do not disturb tenant.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 58.91X114.79 Parking Facility Offsite/Street Roof Composition

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Vinyl Floor Heating Systems Gas Hot Water Gas Laundry None

Property Features

1 Bedroom Units 4 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 589 Annual County Tax 625 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name OVERTON AND GROSVENOR Lot Number N PT 15 Multifamily Type Fourplex New Financing Cash OnlyConventionalOther (Call LA) Operating Expenses Taxes Other Units 0 Possession At ClosingTenants Rights Sale Includes Some Appliances Source Of Info Current Records Tenant Pays All Utilities Type Of Leases Monthly Type Of Units 1 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of KAIZEN Realty, LLC: 901-221-4041.



© 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: 2025-06-25T00:03:33.597.
 
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6812 Crumpler Blvd, Suite 104
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