4481-4483 Sumners Wells Rd, Memphis, TN 38118
- $130,000
- 2
- BD
- 1
- BA
- List Price
- $130,000
- MLS#
- 10225448
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 1
- Lot Size
- 49X118
- Status
- ACTIVE
Property Description
Duplex with immediate, in-place income — both 2 bed / 1 bath units are currently leased, one at $800/month through 02/02/2027 and the other at $700/month through 02/10/2028, for $1,500 in combined monthly rent from day one. Totaling 4 bedrooms, 2 bathrooms, and approximately 1,634 square feet, each side offers a kitchen with shaker cabinetry and tile backsplash, separate living and dining rooms, and LVP flooring. Located in Southeast Memphis near major distribution employers including an Amazon fulfillment center and Nike, and minutes from Memphis International Airport, the area sees steady rental demand. A solid addition for an investor seeking a multi-unit property with current income and long-term portfolio value. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
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Additional Information
- Annual City Tax
- 1454
- Annual County Tax
- 1515
- Cooling
- Central Cooling
- Heating
- Central
- Hot Water
- Other (See REMARKS)
- Legal Subdivision
- East Whitehaven Park
- Lot
- 104
- Lot Description
- Level
- Lot Size
- 49X118
- New Financing
- Other (See Remarks)
- Parking
- Driveway/Pad
- Stories
- 1
- Style
- Traditional
- Subdivision
- WHITEHAVEN PARK (EAST)
- Subtype
- Built as Duplex
- Year Built
- 1974
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Listing courtesy of Foundation Property Management.
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