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4010 SUMMER AVE, Memphis, TN 38122

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
4010 SUMMER AVE,Memphis, TN 38122
$599,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: anna palazola
Office: crye-leike, inc., realtors
MLS#:10220598
Source:TN_MAAR

Price summary

  • Price:$599,000

About this home

FIRE SALE !! Fully occupied 6-unit multifamily on Summer Ave! PRIME LOCATION! Renovated in 2020, each unit offers 3BR layouts—rare and in high demand, supporting strong tenant retention and consistent income. Major upgrades include new roof, updated plumbing, full electrical rewire, and all HVAC systems and water heaters replaced, delivering a true turnkey, low-maintenance asset. Currently generating approx. $75,000 annually, exceeding the 1% rule with immediate cash flow from day one. Prime location with quick access to Interstate 40 and near Grahamwood Elementary School, increasing tenant demand. Strong rental corridor with excellent accessibility. Ideal for investors seeking stable returns, low overhead, and long-term appreciation. Opportunities like this are increasingly difficult to find in today’s market. Don’t miss out on this rare investment. Contact me today for additional details or to schedule a private showing.

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Home facts

  • Year built:1960
  • Listing ID #:10220598
  • Added:48 day(s) ago
  • Updated:June 14, 2026 at 10:50 AM

Rooms and interior

  • Flooring:Hardwood Throughout, Tile

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Roof:Composition, Shingle/Shake
  • Year built:1960
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$599,000
  • Tax amount:$11,269
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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