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$ 100,000
Est. payment | /mo
2 Beds
2 Baths
$ 100,000
Est. payment | /mo
2 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Meadows & Shelton
MLS Listing ID 10225714
Style Traditional
Bedrooms 2
Full Baths 2
Year Built 1951
Annual Tax Amount $1,399
Property Sub-Type Built as Duplex
Property Description
Turnkey North Memphis Duplex – Income-Producing with Immediate Upside Looking for a cash-flowing investment with room to grow? This 2BR/1BA duplex in North Memphis checks all the boxes for investors seeking stable income plus upside potential. The Numbers: Side A: Occupied, tenant paying $650/month, lease in place through October 2026 — tenant has expressed interest in staying long-term, meaning day-one cash flow with minimal turnover risk Side B: Currently vacant and move-in ready, with market rent estimated around $750/month — ideal for owner-occupants wanting to house-hack, or investors looking to place a new tenant at market rate Combined potential monthly rent: ~$1,400 Why This Deal Works: With one side already generating income and a lease that runs through late 2026, this property offers immediate cash flow while you fill the vacant unit at today's market rent.
Location
State TN
County Shelby
Area Vollintine/Northside
Rooms
Dining Room 0
Interior
Heating Other (See Remarks)
Cooling Other (See Remarks)
Flooring Vinyl Floor
Exterior
Exterior Feature Vinyl Siding
Parking Features Street Parking Only
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 1
Foundation Conventional
Water Electric
Listed by Caleb Parr • Renshaw Company, REALTORS
Nearby Locations
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