1022 UNIVERSITY ST, Memphis, TN 38107
1022 UNIVERSITY ST, Memphis, TN 38107
1022 UNIVERSITY ST, Memphis, TN 38107
1022 UNIVERSITY ST, Memphis, TN 38107
1022 UNIVERSITY ST, Memphis, TN 38107
1022 UNIVERSITY ST, Memphis, TN 38107
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Kiana Lee

Kiana Lee

+1(901) 826-1270
$ 224,900
Est. payment | /mo

6 Beds

4 Baths

Save
$ 224,900
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Built as Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Vollentine Park

MLS Listing ID 10229346

Style Traditional

Bedrooms 6

Full Baths 4

Year Built 1972

Annual Tax Amount $3,200

Property Sub-Type Built as Duplex

Property Description

DUPLEX in the University/Midtown area with 1 side currently leased at $1,500 pr mnth. This side-by-side duplex has separate driveways and 2 residential units.Each side offers a practical layout with a living room, dining area, 1 bed on the main level and 2 bedrooms up. Both units have central heat and air.The existing monthly rent provides an immediate income stream, while the second unit offers additional rental upside. For an investor, the property offers the opportunity to increase rental income. For an owner-occupant, live in 1 side and use the income from the other side to offset the monthly cost of ownership. The property is within reach of the UOM, Rhodes College, Crosstown, Midtown and Downtown, with restaurants, shopping, entertainment and employment centers nearby. The University area has a strong concentration of restaurants and services, while Crosstown Concourse offers dining, retail, medical and arts uses under one roof.

Location

State TN

County Shelby

Area Vollintine/Northside

Rooms

Dining Room 0x0

Interior

Heating Central

Cooling Central Cooling

Flooring Wood Laminate Floors, Part Carpet, Tile

Fireplaces Number 1

Exterior

Exterior Feature Wood/Composition

Parking Features Driveway/Pad

Pool None

Roof Type Composition Shingles

Building

Lot Description Level

Story 2

Foundation Slab

Water Gas

Listed by Tony Lavelle • BHHS McLemore & Co. Realty

Schools and Properties Nearby

Kiana Lee

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+1(901) 826-1270

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1022 UNIVERSITY ST