372 Dudley St Memphis, TN 38104
- Commercial real estate
- 0.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 372 Dudley St
- Year built
- 1930
- Lot size
- 0.52 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a charming two-unit apartment building ideally situated in Memphis' Midtown neighborhood, boasting convenient proximity to the Medical District. Constructed in 1930, this duplex sits on a sizable 0.522-acre lot and comprises a single, two-story building. Each of the two units offers two bedrooms and one bathroom, currently leased at $700 and $850 per month respectively, generating a substantial monthly rental income. The property is in good-to-fair condition and presents a solid return on investment. The asking price is $190,000, translating to $95,000 per unit. This presents a compelling opportunity for investors seeking a stable, income-producing asset in a desirable Memphis location. The property's address is 372 S Dudley St, Memphis, TN 38104, within Shelby County. This is a rare chance to acquire a well-located, multifamily property with proven rental history in a thriving urban area. The property's size and location make it an attractive prospect for both seasoned investors and those new to the market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.029747405045
- Latitude
- 35.132509532242
