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957 Wellington Ave

Memphis, TN 38126
  • $589,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 10219672
UPDATED: 63 min ago
$589,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis. Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base. Recent upgrades include a new roof, electrical, plumbing, windows, and flooring. The property generates $5,400 in scheduled monthly rental income. A turnkey asset offering immediate cash flow with upside in a growing submarket.

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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: 2026-05-16T00:03:17.987.
www.redsearealtyco.com/homes/175574752
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957 Wellington Ave Memphis, TN 38126

  • Price: $589,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 63 min ago
  • MLS #: 10219672
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Graham
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis. Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base. Recent upgrades include a new roof, electrical, plumbing, windows, and flooring. The property generates $5,400 in scheduled monthly rental income. A turnkey asset offering immediate cash flow with upside in a growing submarket.
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Land Sq Ft 10187 Lot Size 61 X 167 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems 1 Window Unit per Unit Floors And Ceilings Vinyl Floor Heating Systems Wall Heat Hot Water Electrical Improved Sq Ft 4212 Laundry Connections Leaseable Sq Ft 4212

Property Features

1 Bedroom Units 0 2 Bedroom Units 6 3 Bedroom Units 0 Actual Annual Rent 64800 Annual City Tax 3790 Annual County Tax 3950 Annual Insurance Expenses 8937 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 64800 Legal Subdivision Name GRAHAM Lot Number S PT 12 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and Land Source Of Info Current RecordsLeasesRent Roll Tenant Pays Some Utilities Type Of Leases None Type Of Units 2 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: 2026-05-16T00:03:17.987.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654