1716 Dupont Ave Memphis, TN 38127-8630

This 18-unit apartment building located at 1716 Dupont Ave, Memphis, TN 38127 presents a compelling investment opportunity. The property, built in 1967, comprises a two-story building totaling 35,000 square feet on a 0.8-acre lot. Currently priced at $570,000 ($16.29/sq ft and $31,667/unit), this multifamily property offers significant upside potential. Four of the eighteen units, each featuring two bedrooms and one bathroom, have been recently renovated and are immediately rent-ready. An estimated $10,000 per unit rehabilitation is projected for the remaining units to achieve an after repair value (ARV) of $750,000. The sale includes an adjacent vacant lot, adding further value and development possibilities. The seller is motivated and seeking a swift cash closing, making this a particularly attractive proposition for investors seeking a quick turnaround and substantial return. This distressed property offers a unique chance to capitalize on its inherent value and realize significant profit through strategic renovations and property management. The property's location in Memphis, Shelby County, Tennessee provides access to a robust rental market.