Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.
For sale
Price cut: $10K (7/10)
$115,000
33 E Fernwood Ave, Memphis, TN 38109
4beds
--sqft
Est.:
Duplex
Built in 1953
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brick exteriorHardwood floors
- 106 days
- on Zillow |
- 223 |
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