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The Story

1515 Madison Avenue

Memphis, TN 38104 · Townhouse

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. There were updates to the complex in 2017 and 2019 which included a new roof, HVAC, and some units have updated flooring and appliances. 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). 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, Unit #4-$700 lease ends 7/31/2027,& Unit #5 is currently vacant. No wholesalers, assignments, or creative financing.

Facts & Features

Property Info

Price
$380,000
Completion Year
1,956
Floors
2
Bedrooms
6
Bathrooms
5

Features & Amenities

Cooling

Central Air

Heating

Central

Flooring

Tile

Roof

Composition, Shingle

Lot Information

Level

Water Source

Public

Sewer

Public Sewer

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Listing Broker

Crye-Leike, Inc., REALTORS

Broker Name

Crye-Leike, Inc., REALTORS

Address

6525 N Quail Hollow Rd

Agent

Tyler Tapley

Phone

(901) 871-1290

Email

tylertapley@gmail.com

Location

Memphis TN 38120