799 Mississippi Blvd Memphis, TN 38126

This 12-unit apartment building located at 799 Mississippi Blvd, Memphis, TN, presents a compelling investment opportunity. Priced at $439,000, the property boasts a prime location just minutes from Downtown Memphis, offering convenient access to the city's vibrant amenities and attractions. The property features a newly constructed concrete driveway and parking lot, providing ample parking for residents. Currently, two units are occupied, generating a monthly rental income of $575 each. An additional three units are rent-ready, requiring minimal preparation for immediate occupancy. The remaining units are in need of renovation, presenting a significant opportunity for value enhancement through strategic upgrades and repositioning. The property's strong potential for increased rental income, coupled with its desirable location and recent improvements, makes it an attractive investment for both seasoned and aspiring real estate investors. The existing rental income provides a solid foundation, while the potential for renovation and increased occupancy offers substantial upside. This is a chance to acquire a multi-family property with immediate cash flow and significant long-term growth potential in a thriving urban market. The property is being sold as-is. Serious inquiries only.