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1022 UNIVERSITY ST Memphis, TN 38107
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Key Details
Sold Price $224,900
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Vollentine Park
MLS Listing ID 10229346
Sold Date 09/30/26
Style Traditional
Bedrooms 6
Full Baths 4
Year Built 1972
Annual Tax Amount $3,200
Property Sub-Type Built as Duplex
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.
Location
State TN
County Shelby
Area Vollintine/Northside
Rooms
Dining Room 0x0
Interior
Heating Central
Cooling Central Cooling
Flooring Wood Laminate Floors, Part Carpet, Tile
Fireplaces Number 1
Exterior
Exterior Feature Wood/Composition
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 2
Foundation Slab
Water Gas
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Walter Jones • BEST Real Estate Company
NEARBY SCHOOLS & BUSINESSES
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