1333 Harbert Ave Memphis, TN 38104
For Sale
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This stunning 1927 historic duplex located at 1333 Harbert Ave, Memphis, TN 38104, presents a fantastic investment opportunity. Situated on a 0.137-acre lot, this two-unit apartment building boasts extensive renovations throughout. Each spacious unit offers three bedrooms and one bathroom, featuring updated kitchens and bathrooms, along with private patios or balconies. Recent upgrades include a brand-new roof, central air and heat systems, and new appliance packages including washers and dryers in each unit. The units showcase original charm with built-ins, separate dining rooms, and large living areas. The ground floor unit is currently occupied, generating a monthly rental income of $1295. The property also includes a convenient rear parking pad. This exceptional property is ideally located where the desirable Annesdale and Central Gardens neighborhoods meet, offering a prime location for both residents and investors. The asking price is $365,000, representing a price per unit of $182,500. This is a rare opportunity to acquire a meticulously renovated, high-income-producing duplex in a highly sought-after Memphis neighborhood.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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