#10199871, Listing office: Fast Track Realty, LLC
Property details
About 2827 Sonora Dr Unit 3
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
Summary
- Full Bathrooms: 2
- Flooring Type: Other (See REMARKS)
- Total Bedroom Count: 2
- Parking: Parking Lot,Other (See REMARKS)
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $75,000
- Directions: Use the right lane to merge onto I-240 W via the ramp to Jackson Miss. Take exit 17 for Mt Moriah Rd. Turn left onto Mt Moriah Rd. Turn right onto Sonora Dr. Partial restricted usage road. Destination will be on the left.
- Year Built: 1974
- Stories: 1
- Lot Size: 0.2 Acres
- MLS Number: 10199875
- Office Name: Fast Track Realty, LLC
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Price information
Property sales
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Nearby schools
5
Fox Meadows Elementary School
Public District PK-5
0.4 mi
•2960 Emerald St
5
Balmoral-Ridgeway Elementary School
Public Magnet KG-5
0.7 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. Typical income of Memphis, TN residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
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Frequently asked questions
About 2827 Sonora Dr Unit 3
The listing price of 2827 Sonora Dr Unit 3 property is $75,000.
The property 2827 Sonora Dr Unit 3 is a townhouse located in Memphis, Tennessee, 38115.
Active Listing: 2827 Sonora Dr Unit 3 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2827 Sonora Dr Unit 3 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), Power Center Academy High School (GreatSchools Rating 3/10), Ridgeway High School (GreatSchools Rating 2/10), Wooddale High School (GreatSchools Rating 2/10).
The property at 2827 Sonora Dr Unit 3 has 2 bedrooms and 2 bathrooms.
The year of construction for 2827 Sonora Dr Unit 3 is 1974.
This home is located at 2827 Sonora Dr Unit 3 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 26, 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. The number of listings in Memphis, TN increased by 11.3% between April and May 2025. In May 2025 median list price was $220,000 and the average listing age was 10 days.