1515 Madison Ave, Memphis, TN 38104

$435,000
  • 1515 Madison Ave, Memphis, TN 38104 Main Photo

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Active
BEDS4 BATHS MLS#10218073
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHORN BROTHERS
Call / TEXT TO ME / Map Listing / Print / Share / Email / Make An Offer

Property Description

Location! Location! Location! Mins from Midtown and Downtown. DON'T DISTURB TENANTS! This 5 unit complex is a great rental with gated parking. The main building includes 4 units and over the garage is another unit. The complex includes an on site laundry facility. ONLINE VIDEO AVAILABLE UPON REQUEST. Home is professionally managed! This home qualifies for FHA/VA/ and Conventional financing (you can live in one unit and rent out the others aka house hack). There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. Rents & Leases are: Unit #1- $950 lease ends 7/31/26, Unit #2- $1,025 lease ends 7/31/26, Unit #3- $750 lease ends 3/28/27, and Units #4 & 5 are currently vacant. No wholesalers, assignments, or creative financing.

1515 Madison Ave | MLS# 10218073

This multi-family property located at 1515 Madison Ave, Memphis, TN 38104 is currently listed for sale with an asking price of $435,000. Search Memphis real estate on www.realestateinbowlinggreen.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central
Roof Type: Shingle/Shake
Year Built: 1956

Feature Descriptions

Days on Site: 9
Floors/ Ceilings: Tile
Units: 5

Listed By / Shown By

Listed By

Agency Name: Crye-Leike, Inc., REALTORS

Shown By

Agency Title: CRYE-LEIKE Executive Realty
Agency Phone: (866) 301-3377

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Estimated Payment

$ 2,589.26 per month $2,462.39 Principal & Interest $0.00 Property Tax (data not provided by mls) $126.88 Homeowner's Insurance

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