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$ 150,000
Est. payment | /mo
2 Beds
2 Baths
$ 150,000
Est. payment | /mo
2 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Churchwood Terrace S/D
MLS Listing ID 10228410
Style Traditional
Bedrooms 2
Full Baths 2
Year Built 1950
Annual Tax Amount $1,015
Property Sub-Type Built as Duplex
Property Description
Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one. Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air. The units are mirror-matched at $915/month each, for a gross potential rent of $1,830/month ($21,960/year). One side is already leased to a tenant in place at $915, while the opposite side is currently being marketed at the same rate — giving a new owner immediate income plus upside as the second unit leases up. The property is professionally managed, making it an ideal fit for hands-off and out-of-state investors who want a stabilized asset without the day-to-day operational burden. No showings without accepted offer. No creative/seller finance
Location
State TN
County Shelby
Area Harbor Town/Downtown
Rooms
Dining Room 0
Interior
Heating Central
Cooling Central Cooling
Flooring Other (See REMARKS)
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 1
Foundation Conventional
Water Other (See REMARKS)
Listed by Caleb Parr • Renshaw Company, REALTORS
Nearby Locations
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