For Sale
$460,000

280 Buena Vista Pl Memphis, TN 38112

Historic Memphis Triplex, Excellent Cash Flow

Overview

Added:
Jan 24
Days on market:
90
This charming two-story, 2-building triplex presents a compelling investment opportunity in Memphis' desirable Evergreen District. Built in 1914, this well-maintained property boasts a total of 2,750 square feet situated on a 0.173-acre lot. The three units are currently fully leased, generating a strong cash flow for the discerning investor. Each unit commands a price of $153,333.33, contributing to the overall asking price of $460,000 ($167.27 per square foot). The property's location amidst beautiful historic homes offers both stability and potential for appreciation. The current owner's commitment to maintaining the property and fostering positive tenant relationships ensures a smooth transition for the new owner. This turnkey investment is ideal for those seeking immediate returns and long-term growth in a thriving Memphis neighborhood. The property is currently fully leased and requires a signed contract before showings are permitted. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily property in a highly sought-after area. The property's history and location combine to create a unique and attractive investment proposition.

Highlights

  • $460,000 asking price for this Memphis, TN multifamily investment property.
  • Three-unit apartment building with a price per unit of $153,333.33.
  • 2,750 square feet on a 0.173-acre lot, offering a price per square foot of $167.27.
  • Built in 1914, this two-story, two-building property is currently fully leased and cash-flowing.
  • Located in Memphis' desirable Evergreen District, this turnkey triplex presents a strong investment opportunity for both investors and owner-occupants.

Property Details for 280 Buena Vista Pl

Property type
Apartment buildings
Square Feet
2,750 SF
Year Built
1914
Buildings
2
Stories
2
Lot Size (sq. ft)
7,536 SF
Units
3

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1450431
Longitude
-89.9969746

FAQs

What type of property is this?
Apartment building - Historic Memphis Triplex, Excellent Cash Flow
Where is the apartment building located?
The property is located at 280 Buena Vista Pl Memphis, TN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: $460,000 asking price for this Memphis, TN multifamily investment property.; Three-unit apartment building with a price per unit of $153,333.33.; 2,750 square feet on a 0.173-acre lot, offering a price per square foot of $167.27.
How can I contact the broker?
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280 Buena Vista Pl
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