2831 SONORA DR # 115, Memphis, TN 38115

1 bed |
1 bath

Single-Family Home
Built in 1973
8,712sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

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 1–4 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.

Listing Status:: Active
Date Added:: June 25, 2025 at 12:00AM
Listing Office:: Fast Track Realty, LLC : 901-767-8770
MLS ID:: 10199876

Rooms: 4
Flooring: Other (See REMARKS)
A/C: Central
Heating: Central

This listing courtesy of Fast Track Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Fox Meadows Elementary School

2960 Emerald St, Memphis, TN, 38115

Grades PK-5

0.44 miles away

Ridgeway Middle School

6333 Quince Rd, Memphis, TN, 38119

Grades 6-8

1.25 miles away

Ridgeway High School

2009 Ridgeway Rd, Memphis, TN, 38119

Grades 9-12

1.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.