2162 Griggs Ave, Memphis, TN 38108
- $140,000
- 1
- BD
- 1
- BA
- Sold Price
- $140,000
- List Price
- $149,900
- Closing Date
- Feb 11, 2026
- MLS#
- 10204601
- Property Type
- Multifamily
- Bedrooms
- 1
- Bathrooms
- 1
- Lot Size
- 40X120
- Status
- CLOSED
Property Description
Cash-flowing Turnkey Memphis duplex investment offered at $149,900 with immediate income in place. This fully occupied duplex features two 1BR/1BA units, each leased at $750/month, generating $18,000 in gross annual rent. At current rents, the property offers an approximate 9% cap rate and a strong GRM around 8.3 (buyer to verify all financials). Both units include updated kitchens, tile baths with tile surrounds, luxury vinyl plank flooring in living and bedroom areas, tile in kitchens and baths, double-pane vinyl windows, ceiling fans, covered front porch, security doors, and a huge backyard. A solid, stabilized asset ideal for investors seeking reliable income. Do not disturb tenants, drive by only. Make offers contingent upon viewing inside. No wholesalers, assignments, or creative seller financing.
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Additional Information
- Annual City Tax
- 257
- Annual County Tax
- 273
- Appliances Equipment
- Range/Oven (Freestanding)
- Bedrooms Downstairs
- 1
- Cooling
- Other (See Remarks)
- Exterior
- Porch, Cat/Dog Free House
- Heating
- Gas, Wall Heat
- Hot Water
- Gas
- Legal Subdivision
- Hyde Park Blk C
- Lot
- 116
- Lot Description
- Level, Other (See Remarks), Some Trees
- Lot Size
- 40X120
- Misc Interior
- All Window Treatments, Cat/Dog Free House
- New Financing
- Conventional, FHA
- Occupancy
- 100
- Parking
- Driveway/Pad, Street Parking Only
- Roof
- Composition Shingles
- Stories
- 1
- Style
- Bungalow
- Subdivision
- HYDE PARK BLK C
- Subtype
- Built as Duplex
- Year Built
- 1945
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Listing courtesy of Coldwell Banker Collins-Maury. Selling Office: eXp Realty, LLC.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.