For Sale

$75,000

2835 Sonora Dr Unit 2, Memphis, TN 38115

2Beds
2Baths
-SqFt

2Beds
2Baths
-SqFt

Property Type
Condo
Year Built
1973
HOA Fees
$240/mo
On highrises
1 Day

Property Details

Incredible opportunity to acquire a 20-door rental portfolio in Memphis generating $19, 780 in monthly gross income. Nineteen of the twenty units are currently occupied, with the majority of tenants on Section 8, providing consistent and reliable cash flow. All properties have been renovated within the past 14 years and are being sold as turnkey investments. Strong rental history across the portfolio with room to increase rents, offering additional upside for investors. Ideal for those seeking stable, income-producing assets in a growing market.

Property Features

Bedrooms

Bedrooms: 2

Other Rooms

Total Rooms: 5

Bathrooms

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Heating and Cooling

Cooling Features: Central
Heating Features: Central

Interior Features

Interior Amenities: Heated SqFt Range: 800-999

Land Info

Lot Size Acres: 0.2
Lot Size Dimensions: 0.2
Lot Size Square Feet: 8712

Garage and Parking

Parking Features: Parking Lot

Homeowners Association

Association: Yes
Association Amenities: Condominium Association
Association Fee: 240
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 240

Other Property Info

Annual Tax Amount: 346
Source Listing Status: Active
County: Shelby
Directions: Take I-240 W, Exit 16 and TN-385 E to Ridgeway Rd. Take the Ridgeway Rd exit from TN-385 E. Take Mount Moriah Rd Extended/Mt Moriah Rd to Sonora Dr. Destination will be on the left.
Source Property Type: Residential
Area: Fox Meadows
Property Subtype: condo
Source Neighborhood: THE HAMLETS
Parcel Number: 074090 A00198
Subdivision: THE HAMLETS
Property Subtype: Attached Single Family
Source System Name: C2C

Building and Construction

Year Built: 1973
Property Age: 52
Levels or Stories: 1
House Style: Traditional
Year Built Details: Existing Property
SqFt Maximum: 999
SqFt Minimum: 800

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
06/26/2025	Listed	$75,000	-	Memphis
09/27/2021	Sold	$250,000	$260	Public Record
07/11/2018	Sold	$320,000	$333	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2024	$671	$1,520	+	$8,680	=	$10,200
2023	$621	$1,520	+	$8,680	=	$10,200
2022	$621	$1,520	+	$8,680	=	$10,200
2021	$628	$1,520	+	$8,680	=	$10,200
2020	$550	$1,520	+	$6,080	=	$7,600
2019	$550	$1,520	+	$6,080	=	$7,600
2018	$344	$950	+	$3,800	=	$4,750

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
2827 Sonora Dr Apt 3	$75K	2	2	N/A	8712
2831 Sonora Dr Unit 115	$75K	1	1	N/A	8712
2825 Sonora Dr Apt 1	$75K	2	2	N/A	8712
2829 Sonora Dr Unit 116	$75K	2	2	N/A	8712
2782 Mojave Pl Apt 1	$75K	2	2	N/A	8712
2771 Sonora Dr Apt 1	$75K	2	2	N/A	8712

Presented by:
Jonathan Nunez
state license#349008

This listing is presented by FAST TRACK REALTY

Broker Location:

MEMPHIS

Data Source:

Memphis

Source's Property ID:

10199877

Data Source Copyright:

$75,000

2835 Sonora Dr Unit 2, Memphis, TN 38115