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1076 Merriwether Ave

Memphis, TN 38105
  • $2,975,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 10195247
UPDATED: 31 min ago
$2,975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Attractive investment opportunity with strong in-place tenancy and significant value-add potential through rent growth. Gated community features beautifully updated units with high-end finishes, including quartz countertops, white shaker cabinets, luxury vinyl plank flooring, marble-style bathrooms, and stainless steel appliances. Stable tenant base with upside potential for further income growth. 82% Occupied, Fully Renovated.

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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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-17T15:03:42.357.
www.yournewhomekey.com/homes/163066818
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1076 Merriwether Ave Memphis, TN 38105

  • Price: $2,975,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 31 min ago
  • ID#: 10195247
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Meriwether
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
Attractive investment opportunity with strong in-place tenancy and significant value-add potential through rent growth. Gated community features beautifully updated units with high-end finishes, including quartz countertops, white shaker cabinets, luxury vinyl plank flooring, marble-style bathrooms, and stainless steel appliances. Stable tenant base with upside potential for further income growth. 82% Occupied, Fully Renovated.
Exterior Features

Buildings 7 Construction Brick/Veneer Foundation Conventional/Crawl Space Lot Size .41 Parking Facility Asphalt/Blacktop Roof FlatShingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Vinyl Floor Heating Systems Gas Hot Water Gas Laundry Common LaundryDryer in UnitWasher in Unit

Property Features

1 Bedroom Units 17 2 Bedroom Units 22 3 Bedroom Units 0 Annual City Tax 5161 Annual County Tax 5476 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Conventional Fixed Legal Subdivision Name MERIWETHER Lot Number 3 Multifamily Type Apartment Complex New Financing Cash OnlyConventional Operating Expenses InsuranceManagementTaxes Other Units 0 Percent Occupancy 82 Possession At Closing Sale Includes All AppliancesBuilding and Land Source Of Info Rent Roll Tenant Pays All Utilities Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Franchise Realty, LLC: 901-308-2819.



© 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-17T15:03:42.357.
 
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813 Ridge Lake Blvd
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