1022 N Second St, Memphis, TN 38107
- $185,000
- Sold Price
- $185,000
- List Price
- $199,000
- Closing Date
- May 08, 2025
- MLS#
- 10190917
- Property Type
- Multifamily
- Lot Size
- 45X125
- Status
- CLOSED
Property Description
Fully occupied brick triplex in rapidly appreciating area of Uptown! This investment property is located directly across from Grind City Brewery and surrounded by an area teeming with new construction and revitalization! Gross rents currently at $1868 ($675, $603, and $590) with lower rents set to increase to $675 at lease renewals. Units can also be turned over and rented section 8 for $1000+ per unit! Lots of value add and appreciation potential! Accepted offer before inspection. Owner/agent listing
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Additional Information
- Annual City Tax
- 271
- Annual County Tax
- 287
- Construction
- Brick/Veneer
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Cedar St S/D
- Lot
- S P T5
- Lot Size
- 45X125
- New Financing
- Cash Only, Conventional
- Occupancy
- 100
- Parking Facility
- 1 Per Unit
- Roof
- Shingle/Shake
- Stories
- 1
- Subdivision
- CEDAR
- Subtype
- Triplex
- Tenant Pays
- All Utilities
- Year Built
- 1959
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Listing courtesy of Keystone Realty, LLC. Selling Office: Onward Real Estate.
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