907-909 Meagher St, Memphis, TN 38108
- $120,000
- 1
- BD
- 1
- BA
- List Price
- $120,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 10228431
- Style
- Traditional
- Year Built
- 1955
- Bedrooms
- 1
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 50X160
- Subdivision
- JACKSON AVE
Property Description
Fully Occupied Brick Duplex at 907/909 Meagher — $1,400/mo Gross Income-producing all-brick duplex with both sides occupied, delivering immediate cash flow for investors. The property offers a flexible unit mix: one side is a 2 bedroom / 1 bathroom and the other is a 1 bedroom / 1 bathroom, appealing to a range of tenant needs. The units are currently rented at $650/month and $750/month, for a combined gross of $1,400/month ($16,800/year). Both units feature central heat and air, and the solid brick construction means lower ongoing maintenance and strong durability — a combination investors value for long-term holds. With both sides leased, there's no lease-up period, plus potential upside as leases turn and rents move toward market. A straightforward, stabilized addition to any rental portfolio. Please note: No showings without an accepted offer No seller financing or creative financing — cash or conventional financing only
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Additional Information
- Property Description
- Traditional
- Heating
- Central
- Air Conditioning
- Central Cooling
- Stories
- 1
- Roof
- Composition Shingles
- Foundation
- Conventional
- Parking
- Other (See REMARKS)
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Listing courtesy of Renshaw Company, REALTORS.
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