505 High Point Ter, Memphis, TN 38122

$279,000
2
BD
1
BA

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Sold Price
$279,000
List Price
$279,000
Closing Date
Apr 25, 2025
MLS#
10192718
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Lot Size
60X130
Status
CLOSED

Property Description

Beautifully Renovated Duplex in Sought-After High Point Terrace. Rare opportunity to own a fully updated duplex in one of Memphis’s most desirable neighborhoods. Updates within the past 10 years include: HVAC systems, roof, hot water heater, sewer line, privacy fence, upgraded electrical, upgraded plumbing, one newer bathroom, modernized kitchens, and more. The owner’s unit is spacious and full of charm, while both units are truly move-in ready. Currently month-to-month, with strong potential for increased rental income. Live in one side and let the other help pay your mortgage! Duplexes in High Point Terrace are hard to come by, and you'll love being within walking distance to the High Point retail center.

Additional Information

Annual City Tax
1483
Annual County Tax
1573
Appliances Equipment
Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Smoke Detector(s), Other (See REMARKS)
Cooling
Central Cooling
Exterior
Patio
Foundation
Conventional
Heating
Central
Hot Water
Gas
Legal Subdivision
Greenlawn 3rd Addn
Lot
143
Lot Description
Landscaped, Some Trees, Wood Fenced
Lot Size
60X130
Misc Interior
All Window Treatments, Pull Down Attic Stairs, Cable Available
New Financing
Conventional
Parking
Driveway/Pad
Roof
Composition Shingles
Stories
1
Style
Ranch, Traditional
Subdivision
HIGH POINT TERRACE
Subtype
Built as Duplex
Tenant Pays
All Utilities
Year Built
1952

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Crye-Leike, Inc., REALTORS. Selling Office: eXp Realty, LLC.

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