BEDS6
BATHS2
MLS#10228595
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCOURTLAND PLACE
NEIGHBORHOODCentral Gardens
Property Description
Rare investment opportunity in Memphis's Central Gardens area: a fully tenant-occupied duplex offering established rental income and true turnkey appeal. Built in 1910, offering approx. 2,588 SF with two spacious 3BR/1BA units, each with a combined living/dining layout and separate closed kitchen. Flooring mix of hardwood, LVP, tile, carpet, and laminate. Downstairs unit renovated with all-new appliances, updated kitchen, new flooring, fresh paint, and updated bath; upstairs unit received fresh paint, new dishwasher, energy-efficient windows, and updated bath. All owner-owned appliances (refrigerator, range/oven, dishwasher, washer, dryer, vent hood) convey. Fenced yard, driveway parking, walkable location near Midtown. Currently producing $2,900/month combined rental income with active leases in place. Annual termite treatment maintained. Listing agent must accompany all showings; tenant-occupied, advance notice required, mornings preferred.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Heating: Central
Roof Type: Composition Shingles
Stories: 2.5
Year Built: 1910
Feature Descriptions
Appliances: Refrigerator, Range/Oven (Freestanding), Dishwasher
Days on Site: 1
Exterior/ Windows: Wood/Composition, Vinyl Siding
Floors/ Ceilings: Part Hardwood, Wood Laminate Floors, Part Carpet, Tile, Vinyl Floor
Lot: Some Trees, Level
Parking: Driveway/Pad
Listed By / Shown By
Listed By
Agency Name: Real Estate Agency
Agency Phone: 901-625-5200
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 868.45 per month $767.82 Principal & Interest $0.00 Property Tax (data not provided by mls) $100.63 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1517 Court Ave | MLS# 10228595
This multi-family property located at 1517 Court Ave, Memphis, TN 38104 is currently listed for sale with an asking price of $345,000. Search Central Gardens real estate on www.clhomes.com today.