2375 Douglass Ave, Memphis TN, 38114

Price
Listing Tags
Beds
8.7
Size
1319 sqft
Type
Single Family

Overview

Recently renovated 4-bedroom, 2-bath home located in the historic Orange Mound area of Memphis. Offering approximately 1,439 square feet of living space, this property features an open and functional layout, durable hard-surface flooring, modern finishes, central HVAC, and a large backyard. Its affordability, bedroom count, and convenient access to employment centers, public transportation, healthcare, and community resources make it an attractive opportunity for sober living operators seeking to establish or expand recovery housing in the Memphis market.

Lease and Income Structure

Located in the well-known Orange Mound community of Memphis, 2375 Douglass Avenue offers a turnkey opportunity for sober living operators seeking a manageable and affordable recovery residence. This recently updated single-family home features four bedrooms, two bathrooms, and approximately 1,439 square feet of living space, providing a comfortable setting for residents working toward long-term recovery goals. [zillow.com], [trulia.com], [apartments.com]

The home's bright and spacious living area creates a welcoming environment for resident interaction, peer support, house meetings, and recovery-focused programming. Durable hard-surface flooring throughout the home helps simplify maintenance, while the modern kitchen features updated cabinetry and ample space for meal preparation and communal dining. Central heating and air conditioning provide year-round comfort for residents and staff. [zillow.com], [apartments.com]

One of the property's standout features is its large backyard, which offers flexibility for outdoor recreation, wellness activities, gardening, smoking areas (if permitted), and community-building events. The straightforward floor plan allows operators to create a structured and supportive living environment while maximizing bedroom capacity and common-space functionality. [zillow.com], [apartments.com]

The property is conveniently located near schools, libraries, retail establishments, restaurants, major transportation corridors, and community services throughout the Memphis area. Residents benefit from access to employment opportunities, educational institutions, healthcare providers, and recovery support resources, making this location well-suited for sober living and transitional housing operations. [zillow.com], [apartments.com]

For operators seeking an affordable entry into the Memphis recovery housing market or an additional location to expand an existing program, this property provides a practical combination of bedroom count, updated finishes, outdoor space, and accessibility. [zillow.com], [trulia.com]

Property Highlights

  • 4 Bedrooms
  • 2 Bathrooms
  • Approximately 1,439 SF
  • Recently Renovated Interior
  • Hard-Surface Flooring Throughout
  • Spacious Living Area
  • Modern Kitchen with Updated Cabinetry
  • Central Heat & Air
  • Large Backyard
  • Located in the Orange Mound Area of Memphis
  • Convenient Access to Major Highways and Community Resources

Property Financials
Bed Data
Total Beds 8.7
Vacancy Rate (estimated) 20%
House Mentors 0.7
Revenue-Producing Beds 6.30
Intake Fee $200.00
Revenue (Annual)
Plus: Intake Fee Revenue $2,800.00
Plus: Laundry Service Revenue $1,456.00
Expenses (Annual)
Operating Expenses $9,981.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%