13
See all 13 photos
$199,900
Est. payment /mo
4 Beds
2 Baths
New
155 N MERTON ST Memphis, TN 38112
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Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Barton & Lamb Poplar St Re Of Part Lots
MLS Listing ID 10234081
Style Traditional
Bedrooms 4
Full Baths 2
Year Built 1947
Annual Tax Amount $3,017
Property Sub-Type Built as Duplex
Property Description
Turnkey duplex investment in Memphis! Both units were completely renovated before the current tenants moved in, and both are occupied by long-term Section 8 tenants with dependable, government-backed rent. Current rents are $997 and $1,238, for $2,235/month or $26,820/year gross. Nothing to fix and no vacancy to fill, so you collect rent from day one. It's a great fit for investors who want a hands-off addition to their portfolio. No showings without an accepted offer. Cash or conventional financing only. No seller financing or creative financing.
Location
State TN
County Shelby
Area Overton Park
Rooms
Dining Room 0
Interior
Heating Central, Other (See Remarks)
Cooling Central Cooling, Other (See Remarks)
Flooring Vinyl Floor
Exterior
Exterior Feature Brick Veneer
Parking Features Other (See REMARKS)
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 SCHOOL & BUSINESS
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