Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!
Sold for $195,000 on 08/16/24
$195,000
3585/3587 Fox Meadows Rd, Memphis, TN 38115
6beds
2,506sqft
Duplex
Built in 1970
-- sqft lot
$187,400 Zestimate®
$78/sqft
$1,063 Estimated rent
Home value
$187,400
$172,000 - $202,000
$1,063/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2024 at 02:18pm
Listed by:
Jordan A Ray,
eXp Realty, LLC
Bought with:
Jordan A Ray
eXp Realty, LLC
Source: MAAR,MLS#: 10176769
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Range/Oven (Built-In), Electric Water Heater
Features
- Textured Ceiling, Breakfast Bar, Separate Living Room, Separate Dining Room
- Flooring: Part Hardwood, Tile
- Attic: Pull Down Stairs
- Has fireplace: No
Interior area
- Total interior livable area: 2,506 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway/Pad
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 0.29 Acres
- Dimensions: 105 x 120
- Features: Some Trees
Details
- Parcel number: 074111 00008
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Roof: Composition Shingles
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Memphis
- Subdivision: Fox Meadows Gardens Rev
HOA & financial
Other financial information
- Total actual rent: 2195
Other
Other facts
- Listing terms: Conventional,Other (See Remarks)
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $195,000$78/sqft |
Source:  MAAR #10176769 Report a problem | ||
| 8/16/2024 | Pending sale | $195,000$78/sqft |
Source: MAAR #10176769 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Hickory Ridge-South Riverdale
Nearby schools
GreatSchools rating
- 8/10Newberry Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Compass Community School Hickory Hill CampusGrades: K-8Distance: 0.4 mi
- 2/10Wooddale High SchoolGrades: 9-12Distance: 1.2 mi
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