965 Eldridge AveMemphis, TN 38107

This exceptional investment opportunity presents a four-unit apartment building situated at 965 Eldridge Ave, Memphis, Tennessee, 38107. Built in 1940, this single-story brick complex offers approximately 2,500 to 2,700 square feet of living space. The property boasts four one-bedroom, one-bathroom units. Currently, one unit is tenant-occupied with a lease expiring August 29, 2025, generating $450 in monthly rent. Another unit has been fully renovated and is ready for immediate rental. Units three and four require complete rehabilitation. Detailed lease, ledger, and repair history are available, reflecting professional property management. The asking price is $135,000, and the sale is AS-IS cash only. No owner financing, wholesaling, or assignments are permitted. This property is conveniently located near the downtown Memphis area, offering strong potential for rental income growth. An online video tour is available for prospective buyers to view the property's condition and layout. This is a prime opportunity for investors seeking a multifamily property with immediate income potential and significant upside through renovations. The property's occupancy date is January 1, 2023.