1072 N Evergreen St, Memphis, TN 38107
- $225,000
- 2
- BD
- 1
- BA
- List Price
- $225,000
- Price Change
- ▼ $14,999 1780345422
- MLS#
- 10217651
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 1
- Lot Size
- 60X171
- Status
- ACTIVE
Property Description
Cash-flowing duplex in the sought-after Volintine Evergreen Historic District — live in one unit while the other helps cover your mortgage, or hold both as a turnkey investment. Each unit offers 2 bedrooms, 1 bath, and a functional layout, and both are now leased on new 1-year terms, delivering immediate, documented rental income from day one — $1,950/month combined. Approx. $30K+ in recent improvements — including HVAC ductwork, sewer line replacement, foundation reinforcement, exterior paint, and electrical updates — reduce near-term capital needs and add confidence for buyers and lenders alike. VA buyers may qualify using the second unit's actual, signed-lease rental income. Conveniently located near major roadways, schools, and everyday amenities. May be part of a larger multifamily portfolio — contact listing agent for details.
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Additional Information
- Annual City Tax
- 720
- Annual County Tax
- 750
- Appliances Equipment
- Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)
- Cooling
- Central Cooling
- Exterior
- Porch
- Foundation
- Conventional
- Heating
- Central
- Hot Water
- Electric
- Legal Subdivision
- Herman Gruber
- Lot
- 15
- Lot Description
- Some Trees, Level
- Lot Size
- 60X171
- Misc Interior
- Cable Available
- New Financing
- Conventional, FHA, VA, Other (See Remarks)
- Parking
- Driveway/Pad
- Roof
- Composition Shingles
- Stories
- 2
- Style
- Traditional
- Subdivision
- EVERGREEN
- Subtype
- Built as Duplex
- Tenant Pays
- Some Utilities
- Year Built
- 1948
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Listing courtesy of Real Estate Agency.
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