486 E Georgia Ave, Memphis, TN 38126

$490,000
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Sold Price
$490,000
List Price
$550,000
Closing Date
Feb 27, 2026
MLS#
10212188
Property Type
Multifamily
Lot Size
0
Status
CLOSED
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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.

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Additional Information

Actual Annual Rent
53800
Annual City Tax
565
Annual County Tax
599
Construction
Brick
Foundation
Slab
Hot Water
Gas
Legal Subdivision
John Brown
Lot
PTS 4-10*
Lot Size
0
New Financing
Conventional
Occupancy
100
Parking Facility
Concrete
Roof
Composition
Subdivision
JOHN BROWN
Subtype
Apartment Complex
Tenant Pays
All Utilities
Year Built
1966
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Listing courtesy of eXp Realty, LLC. Selling Office: Grand Point Realty, LLC.

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.