972 Peabody AveMemphis, TN 38104

This exceptional investment opportunity presents two adjacent, renovated apartment complexes in Memphis, Tennessee, totaling 14 units. Located at 972 Peabody Ave and 336 S Dudley St, in the 38104 zip code, this 0.568-acre property offers a compelling return. The buildings, constructed in 1963, are two-story structures, each contributing to the overall portfolio. The complex comprises 13 two-bedroom, one-bathroom units and a single one-bedroom, one-bathroom unit. The one-bedroom unit was thoughtfully modified to include a laundry room. This prime location is situated near the thriving Medical District, a significant employment hub, ensuring consistent tenant demand. The asking price for this multifamily property is $1,330,000, representing a price per unit of $95,000. This package deal offers a rare chance to acquire a well-maintained, income-generating asset in a high-demand area. The property's proximity to the Medical District makes it an attractive investment for both short-term and long-term growth. The existing tenant base provides immediate cash flow, while the potential for future appreciation adds to the overall value proposition. This is a turnkey investment ready for immediate returns.