280 Buena Vista PlMemphis, TN 38112

Property Details for 280 Buena Vista Pl

Year built

1914

Lot size

0.17 AC

Property size (Sq ft)

2,750 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.145

Longitude

-89.997

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