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244 RICHMOND AVE #1-6, Memphis, TN 38106

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
244 RICHMOND AVE #1-6,Memphis, TN 38106
$249,000
  • - Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael valenza, laszlo nguyen heckler
Office: exp realty, llc.
MLS#:10227066
Source:TN_MAAR

Price summary

  • Price:$249,000

About this home

Just Reduced for quick sale! Own 11 rental units on a single parcel, consisting of five duplexes and one detached single family home. This unique investment offers immediate cash flow with exceptional value add potential. The property includes ten 1 bedroom, 1 bath units with separate living rooms, kitchens, and bedroom. The sixth building has been converted into a single family residence, providing added flexibility. With renovations, improved management, and lease up efforts, a savvy investor can increase occupancy, raise rents, boost net operating income, and significantly enhance the property's value. Whether you're looking to expand your portfolio or build long term wealth, this is a rare opportunity to unlock strong cash flow and appreciation through strategic improvements.

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Home facts

  • Year built:1940
  • Subdivision & Development:S C LAW
  • Listing ID #:10227066
  • Added:86 day(s) ago
  • Updated:October 22, 2026 at 02:57 AM

Rooms and interior

  • Total bathrooms:1
  • Flooring:Vinyl Floor
  • Basement Description:Conventional

Heating and cooling

  • Heating:Wall Heat

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1940
  • Lot Features:Level
  • Construction Materials:Wood/Composition
  • Foundation Description:Conventional
  • Levels:1 Story

Finances and disclosures

  • Price:$249,000
  • Tax amount:$3,365
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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