16
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$225,000
Est. payment /mo
4 Beds
2 Baths
Price Dropped by $14K
1072 N EVERGREEN ST Memphis, TN 38107
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Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Herman Gruber
MLS Listing ID 10217651
Style Traditional
Bedrooms 4
Full Baths 2
Year Built 1948
Annual Tax Amount $1,470
Property Sub-Type Built as Duplex
Property Description
Cash-flowing duplex in the sought-after Volintine Evergreen Historic District — live in one unit while the other helps cover your mortgage, or hold both as a turnkey investment. Each unit offers 2 bedrooms, 1 bath, and a functional layout, and both are now leased on new 1-year terms, delivering immediate, documented rental income from day one — $1,950/month combined. Approx. $30K+ in recent improvements — including HVAC ductwork, sewer line replacement, foundation reinforcement, exterior paint, and electrical updates — reduce near-term capital needs and add confidence for buyers and lenders alike. VA buyers may qualify using the second unit's actual, signed-lease rental income. Conveniently located near major roadways, schools, and everyday amenities. May be part of a larger multifamily portfolio — contact listing agent for details.
Location
State TN
County Shelby
Area Vollintine/Northside
Rooms
Dining Room 10x9
Interior
Interior Features Cable Available
Heating Central
Cooling Central Cooling
Flooring Part Hardwood, Wood Laminate Floors, Tile
Equipment Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)
Exterior
Exterior Feature Wood/Composition
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Building
Lot Description Level, Some Trees
Story 2
Foundation Conventional
Water Electric
Others
Miscellaneous Porch
Listed by Erica E Martin • Real Estate Agency
NEARBY SCHOOL & BUSINESS
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