1480 PATTON ST Memphis, TN
$ 188,000
Property Attributes
  • MLS#10048565
  • TypeMulti-Family
  • CountySHELBY
  • CityMemphis
  • AreaSouth Memphis-61 Hwy
  • NeighborhoodRAYBURN AVE BLK A
  • Zip38106
  • StyleApartment Complex
  • Year Built1925
  • Taxes1856
  • Price$ 188,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
Listing Provided Courtesy Of:
BEST Real Estate Company
Property Description

This a great investment opportunity. 8 units property is located just minutes from downtown Memphis. The units are all 2 bedroom. All units 100% occupied, monthly rent roll income $2,621.00 and there’s still an opportunity to add more value to this property. Professionally managed by Lubin Property Management. Recently renovated. Drive by only, do not disturb tenants. Make offer contingent upon inspection.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/22/2019 Listed $189,000
5/30/2019 1% - $188,000

General Features

Area 747B
Class Multi-Family
Construction Brick
Cooling Systems None
Heating Systems Wall Heat
Legal Subdivision Name RAYBURN AVE BLK A
Listing Area South Memphis/61 Hwy
Listing Status Active
Operating Expenses Management, Insurance, Repairs/Maintenance, Taxes
Service Type Full Service Listing
Status Active
Type Apartment Complex
Year Built 1925

Interior Features

# 2 Bedroom Units 8
Floors/ceilings Vinyl Floor, Partial Carpet
Hot Water Gas
Laundry Connections
Total # Of Units 8

Exterior Features

Sale Includes Building and Land
Foundation Raised
Lot Size 0.56
Number of Buildings 2
Parking Facility Gravel, Detached
Roof Composition


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 38106

AVG $190K
AVG $2,189
AVG 26
Year Built
AVG 1944
AVG 61
Data Provided by Walkscore ® not using MLS data

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