10.77% CAP RATE! Three income streams make this Ellenwood triplex a compelling opportunity for investors looking to build or expand their portfolio. Located at 2498 Robinhood Drive, the property features three units with six total bedrooms and all on three units are on separate meters. Unit 1 offers 2 bedrooms and 1 bathroom with rent of $1,500 per month. Unit 2 features 2 bedrooms and 2 bathrooms and is currently occupied at $1,600 per month. Unit 3 includes 2 bedrooms and 2 bathrooms with rent of $1,500 per month. At full occupancy, the listed rents total $4,600 per month, or $55,200 in annual gross rental income. Reported 2025 property taxes were $2,645.40, with trash service, lawn care, and insurance totaling $529 per month. An exciting opportunity to acquire three rental units in one purchase!
Listed By
Agency Name: Weichert, Realtors - The Collective
Agency Phone: 404-848-0996
Shown By
Agency Title: Crye-Leike Real Estate Services - Adaro Realty - Memphis
Agency Phone: 901-751-6675
Estimated Payment
$ 1,300.31 per month $954.77 Principal & Interest $220.42 Property Tax $125.13 Homeowner's Insurance![]()
Greater Memphis
890 Willow Tree Cir. Suite 6
Cordova, TN 38016
901-751-6675
memphis@adarorealty.net
Jeanne Childress, Managing Broker
Middle Tennessee
1187 Old Hickory Blvd. Suite 125
Brentwood, TN 37027
615-376-1688
nash@adarorealty.net
David Collyer, Managing Broker
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2498 Robinhood Drive | MLS# 7856588
This multi-family property located at 2498 Robinhood Drive, Ellenwood, GA 30294 is currently listed for sale with an asking price of $429,000. Robinhood Drive is located within the Thurgood Marshall - Morrow school district. Search Ellenwood real estate on www.adarorealty.com today.