6-unit apartment building near UofM. Rent roll of $4,815. 5 out of 6 units have been renovated. Unrenovated unit likely needs HVAC replacement. 2 units have been left vacant for showings. New roof, perimeter fence, interior renovation and several HVAC units. Appraisal in hand for $549,000 in 2025. Rent Roll & Capital Improvement List available upon request. Potential to convert to section 8 and increase rents. Professionally managed by Lubin Property Management. DO NOT disturb tenants. Property sold as-is. Owner/Agent.
For sale
$464,900
3969 Southlawn Ave, Memphis, TN 38111
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 15 days
- on Zillow |
- 303 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 22, 2025 at 10:57am
Listed by:
Reed A Rickenbach,
RE PROS LLC 501-765-4833
Source: MAAR,MLS#: 10203373

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
- Laundry: Connections
Features
- Flooring: Vinyl
Property
Parking
- Parking features: Asphalt/Blacktop
Lot
- Size: 9,474 Square Feet
- Dimensions: 9474
Details
- Parcel number: 058116 00002
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone
- Foundation: Slab
- Roof: Shingle/Shake
Condition
- Year built: 1965
Community & HOA
Community
- Subdivision: Southlawn Commercial
Location
- Region: Memphis
Financial & listing details
- Annual tax amount: $2,885
- Date on market: 8/12/2025
- Cumulative days on market: 85 days
- Listing terms: Conventional
- Lease term: 12 Months
- Tenant pays: Some Utilities
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