761 Richmond Ave, Memphis, TN 38106
- $175,000
- Sold Price
- $175,000
- List Price
- $200,000
- Closing Date
- Nov 26, 2025
- MLS#
- 10196578
- Property Type
- Multifamily
- Lot Size
- 48 X 200
- Status
- CLOSED
Property Description
Investor special with upside potential! This 4-unit multifamily property in South Memphis is 100% occupied and generating approx. $22,800 in annual NOI. Renovated in 2016, offering updated systems and layout improvements. Great location minutes from Downtown, the STAX Museum, and major transit routes. One unit remains vacant, allowing for rental upside or light owner/occupant conversion. Class D property—sold as-is. Please do not disturb tenants. Showings available with accepted offer only.
Additional Information
- Actual Annual Rent
- 23100
- Annual City Tax
- 518
- Annual County Tax
- 549
- Annual Insurance Expense
- 1300
- Construction
- Brick
- Foundation
- Slab
- Hot Water
- Gas
- Legal Subdivision
- Mc Nutt
- Lot
- 3
- Lot Size
- 48 X 200
- New Financing
- Conventional, Assumption, Cash Only, Private, Owner Mortgage
- Occupancy
- 100
- Parking Facility
- More Than 1 Per Unit
- Roof
- Shingle/Shake
- Stories
- 2
- Subdivision
- MCNUTT
- Subtype
- Fourplex
- Tenant Pays
- All Utilities
- Year Built
- 1969
Mortgage Calculator
Listing courtesy of Harris & Harris Realty Group,. Selling Office: Grand Point Realty, LLC.
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