1861 Corning Avenue Memphis, TN 38127

Building Details

Year Built

1964

Listing agency Grand Point Realty, LLC Show Phone

Listed by Dylan Patel · License #360361 Show Phone

Source Compass

Added: Jun 2 Updated: Jul 20 at 6:27PM Checked: Jul 21 at 6:38AM

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Investment Insights

Based on property information with market context.

This stabilized multifamily apartment building is currently producing income. The offering is positioned as a value-add opportunity, with rents reported as below market in several units, creating potential for revenue improvement over time while maintaining occupancy. Financial information and the rent roll are available upon request.

Located in North Memphis, the property is described as convenient to major employment corridors, retail amenities, and transportation routes, supporting everyday tenant access.

For investors or owner-operators looking for a residential income asset with in-place operations, this property presents a straightforward approach centered on continued management and rent optimization in selected units.

Key Highlights

• Currently stabilized and producing income
• Several units report rents below market, creating room for revenue increases
• Vinyl flooring and shingle/shake roof

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FAQs

What type of property is this?

Apartment building - Currently stabilized and producing income, with several units reporting rents below market.

Where is this apartment building located?

The property is located at 1861 Corning Avenue Memphis, TN.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Currently stabilized and producing income; Several units report rents below market, creating room for revenue increases; Vinyl flooring and shingle/shake roof