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1022 University St, Memphis, TN 38107

$224,900
  • 1022 University St, Memphis, TN 38107 Main Photo

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New to the Market Active
BEDS6 BATHS4 MLS#10229346
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONVOLLINTINE EVERGREEN NEIGHBORHOODVollintine-Northside

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.

1022 University St | MLS# 10229346

This multi-family property located at 1022 University St, Memphis, TN 38107 is currently listed for sale with an asking price of $224,900. Search Vollintine-northside real estate on kelli.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Heating: Central
Roof Type: Composition Shingles
Stories: 2.0
Year Built: 1972

Feature Descriptions

Exterior/ Windows: Wood/Composition
Floors/ Ceilings: Wood Laminate Floors, Part Carpet, Tile
Lot: Level
Parking: Driveway/Pad

Listed By / Shown By

Listed By

Agency Name: BHHS McLemore & Co. Realty
Agency Phone: 901-701-7555

Shown By

Agent Name: Kelli Werkmeister
Agent Phone: (901) 359-1012
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: MAAR MLS

Estimate Your Payment

Estimated Payment

$ 566.13 per month $500.53 Principal & Interest $0.00 Property Tax (data not provided by mls) $65.60 Homeowner's Insurance

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