1022 University St, Memphis, TN 38107
- $224,900
- 3
- BD
- 2
- BA
- List Price
- $224,900
- Price Change
- ▲ $5,900 1787975896
- MLS#
- 10229346
- Property Type
- Multifamily
- Bedrooms
- 3
- Bathrooms
- 2
- Lot Size
- 70X125
- Status
- PENDING
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.
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Additional Information
- Annual City Tax
- 1567
- Annual County Tax
- 1633
- Cooling
- Central Cooling
- Fireplaces
- 1
- Foundation
- Slab
- Heating
- Central
- Hot Water
- Gas
- Legal Subdivision
- Vollentine Park
- Lot
- 27
- Lot Description
- Level
- Lot Size
- 70X125
- New Financing
- Other (See Remarks)
- Parking
- Driveway/Pad
- Roof
- Composition Shingles
- Stories
- 2
- Style
- Traditional
- Subdivision
- VOLLINTINE EVERGREEN
- Subtype
- Built as Duplex
- Year Built
- 1972
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Listing courtesy of BHHS McLemore & Co. Realty.
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