$195,000
$195,000
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3585/3587 FOX MEADOWS RD Memphis, TN 38115
6 Beds
4 Baths
2,599 SqFt
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,599 sqft
Price per Sqft $75
Subdivision Fox Meadows Gardens Rev
MLS Listing ID 10176769
Sold Date 08/16/24
Style Traditional
Bedrooms 6
Full Baths 4
Year Built 1970
Annual Tax Amount $2,103
Property Description
Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!
Location
State TN
County Shelby
Area Fox Meadows
Rooms
Dining Room 0x0
Interior
Interior Features Pull Down Attic Stairs
Heating Central
Cooling Central Cooling
Flooring Part Hardwood, Tile, Textured Ceiling
Equipment Range/Oven (Built-In)
Exterior
Exterior Feature Other (See Remarks)
Parking Features Driveway/Pad
Garage Spaces 2.0
Pool None
Roof Type Composition Shingles
Building
Lot Description Some Trees
Story 1
Water Electric
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Jordan A Ray • eXp Realty, LLC