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Property profile & analytics
FOR SALE
Commercial real estate

1333 Harbert Ave Memphis, TN 38104

0.14 ac lot Built 1927
Property ID
US80-3089206
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1927
Lot 0.14 ac (5,968 SF)
UPID US80-3089206
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Safe Guard Insurance Co. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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