$895,000
 $4,805 est/mo Sourced by Back At You

1616 Monroe Ave,Memphis, TN 38104

Memphis, TN 38104

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Description

This Midtown property consists of 8 one-bedroom units. Each featuring central Hvac, range, refrigerator, and in-unit washer and dryersamenities that continue to support strong tenant demand and retention. Significant renovations have been completed throughout the property, minimizing near-term capital expenditure requirements for a new owner. The current scheduled income is $6,928 per month providing a steady revenue stream. Please do not disturb residents..Drive by only please

Details

MLS #10224276
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site72
Listing Provided ByCrye-Leike Commercial | Jeffrey Moore

Features

Story(s)2
Units8
Building(s)1

Interior

Appliances Or EquipmentDishwasher, Microwave, Range/Oven (Freestanding), Refrigerator

Exterior

RoofPitched
ConstructionBrick/Veneer
FoundationSlab

Parking

Parking FacilityAsphalt/Blacktop

Area Information

StateTN
CountyShelby
CityMemphis
Zip Code38104
AreaCentral Gardens
Subarea746B
Community NameINGLESIDE
Listing VS Median (in INGLESIDE)
Price:
$895,000
low | high
Med:
$0
On site:
72
low | high
Med:
Sourced by Back At You

Market Activity 38104

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Learn More About This Property

StateTN
CountyShelby
CityMemphis
Zip Code38104
AreaCentral Gardens
Subarea746B
Community NameINGLESIDE
Listing VS Median (in INGLESIDE)
Price:
$895,000
low | high
Med:
$0
On site:
72
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $671K - $1.118M
sqft: 0 - 0
Listing Updated: August 17, 2026 at 5:16:49 PM PDT