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Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,599 sqft
Price per Sqft $85
Subdivision Riegle
MLS Listing ID 10182585
Sold Date 11/15/24
Style Traditional
Bedrooms 4
Full Baths 2
Year Built 1970
Annual Tax Amount $1,401
Property Description
This property is under contract. Really nice duplex, updated a few years ago, looking for a new investor owner. Add this one to your portfolio and get a great property with really nice outlook given its proximity to the University of Memphis! Current rents are $650 and $687.95/month, both tenants month-to-month. Cashflow now and try to get those rents up over the next few years for even better monthly income! These are right in the Highland Strip area, which is undergoing huge gentrification as the U of M grows. Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market. Selling with 3 other duplexes and will split.
Location
State TN
County Shelby
Area Getwell/Park
Rooms
Dining Room 0x0
Interior
Heating Central, Gas
Cooling Central Cooling
Flooring Other (See REMARKS)
Exterior
Exterior Feature Aluminum Window(s), Brick Veneer
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 1
Foundation Slab
Water Gas, Individual System
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Justin T Reed • River City Land Co., LLC
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