9 hours on Rocket
$891 Closing Credit¹
#10199802, Listing office: Fast Track Realty, LLC
$75,000 List price
2771 Sonora Dr Unit 1 Memphis, TN 38115
$891
Closing credit¹
2 beds
2 full
0.2 acres
Townhouse
Property details
About 2771 Sonora Dr Unit 1
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.
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.2 Acres
Year built1973
ParkingOther (See REMARKS)
MLS #10199803
Summary
- Full Bathrooms: 2
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 2
- Parking: Other (See REMARKS)
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $75,000
- Directions: Follow S Yates Rd to Poplar Ave. 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 right.
- Year Built: 1973
- Stories: 1
- Lot Size: 0.2 Acres
- MLS Number: 10199803
- Office Name: Fast Track Realty, LLC
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 9:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$75,000
2771 Sonora Dr Unit 1
$891
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Fox Meadows Elementary School
Public District PK-5
0.5 mi
•2960 Emerald St
5
Balmoral-Ridgeway Elementary School
Public Magnet KG-5
0.6 mi
•5905 Grosvenor Ave
5
Belle Forest Community School
Public District PK-5
1.1 mi
•3135 Ridgeway Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,692. Residents of Memphis, TN typically earn less than $<35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
72%
<35k
25%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
38%
Single, with Kids
6%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
8%
12-17 yrs old
39%
18-34 yrs old
26%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
UFC
Pro Wrestling- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Popeyes
What do the neighbors drive?
Buick
Pontiac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2771 Sonora Dr Unit 1
The listing price of 2771 Sonora Dr Unit 1 property is $75,000.
The property 2771 Sonora Dr Unit 1 is a townhouse located in Memphis, Tennessee, 38115.
Active Listing: 2771 Sonora Dr Unit 1 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2771 Sonora Dr Unit 1 are: Fox Meadows Elementary School (GreatSchools Rating 5/10), Balmoral-Ridgeway Elementary School (GreatSchools Rating 5/10), Belle Forest Community School (GreatSchools Rating 5/10), Ridgeway Middle School (GreatSchools Rating 4/10), Compass Community School Hickory Hill Campus (GreatSchools Rating 5/10), Wooddale Middle School (ASD) (GreatSchools Rating 3/10), Ridgeway High School (GreatSchools Rating 2/10), Power Center Academy High School (GreatSchools Rating 3/10), Wooddale High School (GreatSchools Rating 2/10).
The property at 2771 Sonora Dr Unit 1 has 2 bedrooms and 2 bathrooms.
The year of construction for 2771 Sonora Dr Unit 1 is 1973.
This home is located at 2771 Sonora Dr Unit 1 in Memphis, TN and zip code 38115 in the Southeast Memphis neighborhood. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $75,000.
In May 2025, from all listings sold in Memphis, TN there were more than 70 sold above asking price, over 263 sold below and more than 110 were sold right at the asked price. Between April and May 2025, Memphis, TN real estate market has seen increase in the number of listings by 11.3%. Listings spent 10 days on the market in May 2025, and had a median list price of $220,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.