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Updated over 3 years ago on . Most recent reply
Better areas to invest in the Greater Memphis, TN area
Hey everyone. I am looking for the better areas of Memphis, TN to consider investing in SFR as well as multi-family. I am an agent in the Clarksville, TN area but prices here are starting to get into the Nashville nose bleed arena since so many people move to Nashville and discover how expensive it is. I would appreciate your views, recommendations and insights. Thanks in advance.
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Hey @Account Closed I think it’s a smart move to take advantage of the Memphis market while you still can!
With your price range, depending on if you plan to buy turnkey or not, you’d be able to pick up some decent cash flow in B areas like 38135, 38141, 38117 and 38125. You could possibly get in some pockets of A areas like 38016.
You can fetch similar returns in C+ areas like 38116, 38115 (certain areas) 38122, and pockets of 38128.
If you want get 2 or 3 properties within your budget, you can scout some C to C- areas like 38118 (north of Winchester) 38128, 38109 (east of HWY 61), 38107 (south of Jackson), maybe some parts of 38127.
Your A class areas are going to be 38138, 38002, 38017, 38018, 38125ish.
It definitely helps that you are only a few hours away so you could definitely utilize BRRRR!
Feel free to reach out if you have any questions!