Description
Turnkey duplex investment opportunity with both units currently leased, producing $1,440/month in gross rental income. This cash-flowing property offers immediate income from day one with established tenants already in place, minimizing vacancy risk and providing a smooth transition for the next owner. Ideally positioned in Midtown Memphis, just minutes from the vibrant districts of Cooper-Young Historic District, Overton Square and Downtown Memphis, the location benefits from strong, consistent rental demand. Whether you're expanding your portfolio or acquiring a stable income-producing asset in a high-demand rental corridor, this duplex presents a compelling opportunity. Tenant leases and financials available upon request. Showings coordinated with tenants with appropriate notice. Stove and fridges are currently provided in each unit.
Details
| MLS # | 10216892 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 162 |
| Listing Provided By | Fast Track Realty, LLC | Eric Earles |
Features
| Story(s) | 1 |
|---|---|
| Property View | Level |
Interior
| Cooling | Central Cooling |
|---|---|
| Heating | Central |
Exterior
| Roof | Composition Shingles |
|---|---|
| Lot Description | Level |
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38114 |
| Area | South Memphis | Glenview |
| Subarea | 748E |
| Community Name | MAGNOLIA HEIGHTS (WEST) |
| Listing VS Median (in MAGNOLIA HEIGHTS (WEST)) | |
Price: $199,000 low | high Med: $0 On site: 162 low | high Med: | |
Market Activity 38114
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38114 |
| Area | South Memphis | Glenview |
| Subarea | 748E |
| Community Name | MAGNOLIA HEIGHTS (WEST) |
| Listing VS Median (in MAGNOLIA HEIGHTS (WEST)) | |
Price: $199,000 low | high Med: $0 On site: 162 low | high Med: | |
