Sold

2162 Griggs Ave, Memphis, TN 38108

Beds
2
Baths
2
Sqft
1,050
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byColdwell Banker Collins-Maury
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Number of bedrooms
2
Number of bathrooms
2
Square feet
1,050
Year built
1945

Garage and parking

Garage parking spaces
1

Utilities

Heating
Natural gas

Taxes

Tax Annual Amount
$530

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Memphis Area Association of Realtors MLS®#: 10204601 Last checked:

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