Property Description

Rare investment opportunity in Memphis’s Central Gardens area: a fully tenant-occupied duplex offering established rental income and true turnkey appeal. Built in 1910, offering approx. 2,588 SF with two spacious 3BR/1BA units, each with a combined living/dining layout and separate closed kitchen. Flooring mix of hardwood, LVP, tile, carpet, and laminate. Downstairs unit renovated with all-new appliances, updated kitchen, new flooring, fresh paint, and updated bath; upstairs unit received fresh paint, new dishwasher, energy-efficient windows, and updated bath. All owner-owned appliances (refrigerator, range/oven, dishwasher, washer, dryer, vent hood) convey. Fenced yard, driveway parking, walkable location near Midtown. Currently producing $2,900/month combined rental income with active leases in place. Annual termite treatment maintained. Listing agent must accompany all showings; tenant-occupied, advance notice required, mornings preferred.

Features

Swimming Pool:: No
Heating System:: Central
Cooling System:: Central Cooling
Fireplaces:: 0
Roof Deck:: Composition Shingles
FOUNDATION:: Partial Basement
Parking Feature:: Driveway/pad

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: COURTLAND PL
Zipcode:: 38104
Street:: COURT
Street Number:: 1517
Street Suffix:: AVE
Floor Number:: 0
Longitude:: W91° 59' 22''
Latitude:: N35° 8' 22.2''
Directions:: Heading West on Poplar Avenue, Turn Left on North Avalon St, Right on Court Avenue and the property is on the left hand side of the street.