736 Richmond Ave presents a prime fix-and-hold investment opportunity in Memphis. The strategy involves renovating and modernizing the units to enhance value, attract quality tenants, and increase rental income. Once fully leased, the property will generate steady cash flow while benefiting from market appreciation. With professional management in place to optimize operations and maintain high occupancy, the property will be well-positioned for a profitable sale in three years. By that time, stabilized rents and forced equity from improvements will make it an attractive turnkey asset for future investors.