280 Buena Vista Pl Memphis, TN 38112
- Commercial real estate
- 2,750 SF
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 280 Buena Vista Pl
- Year built
- 1914
- Lot size
- 0.17 lot acres
- Property size
- 2,750 SF
- Property type
- Commercial real estate
Description
This charming two-story, 2-building triplex presents a compelling investment opportunity in Memphis' desirable Evergreen District. Built in 1914, this well-maintained property boasts a total of 2,750 square feet situated on a 0.173-acre lot. The three units are currently fully leased, generating a strong cash flow for the discerning investor. Each unit commands a price of $153,333.33, contributing to the overall asking price of $460,000 ($167.27 per square foot). The property's location amidst beautiful historic homes offers both stability and potential for appreciation. The current owner's commitment to maintaining the property and fostering positive tenant relationships ensures a smooth transition for the new owner. This turnkey investment is ideal for those seeking immediate returns and long-term growth in a thriving Memphis neighborhood. The property is currently fully leased and requires a signed contract before showings are permitted. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily property in a highly sought-after area. The property's history and location combine to create a unique and attractive investment proposition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9969746
- Latitude
- 35.1450431
