9
See all 9 photos
$120,000
Est. payment /mo
3 Beds
2 Baths
Pending
907-909 MEAGHER ST Memphis, TN 38108
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Key Details
Property Type Multi-Family
Sub Type Built as Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision East Jackson Avenue
MLS Listing ID 10228431
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 1955
Annual Tax Amount $1,211
Property Sub-Type Built as Duplex
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
Location
State TN
County Shelby
Area Vollintine/Northside
Rooms
Dining Room 0
Interior
Heating Central
Cooling Central Cooling
Flooring Other (See REMARKS)
Exterior
Exterior Feature Brick Veneer
Parking Features Other (See REMARKS)
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 1
Foundation Conventional
Water Other (See REMARKS)
Listed by Caleb Parr • Renshaw Company, REALTORS
NEARBY SCHOOL & BUSINESS
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