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.
- 3
- 0
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
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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