Skip To Content

1022 N Second St

Memphis, TN 38107
  • $199,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 10190917
UPDATED: 63 min ago
$199,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Fully occupied brick triplex in rapidly appreciating area of Uptown! This investment property is located directly across from Grind City Brewery and surrounded by an area teeming with new construction and revitalization! Gross rents currently at $1868 ($675, $603, and $590) with lower rents set to increase to $675 at lease renewals. Units can also be turned over and rented section 8 for $1000+ per unit! Lots of value add and appreciation potential! Accepted offer before inspection. Owner/agent listing

Monthly Payment Calculator



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-15T21:04:14.717.
www.gowenpropertygroup.com/homes/160936140
Print Image

1022 N Second St Memphis, TN 38107

  • Price: $199,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 63 min ago
  • MLS #: 10190917
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Cedar
County:
Shelby
Area:
Harbor Town/Downtown
Property Description
Fully occupied brick triplex in rapidly appreciating area of Uptown! This investment property is located directly across from Grind City Brewery and surrounded by an area teeming with new construction and revitalization! Gross rents currently at $1868 ($675, $603, and $590) with lower rents set to increase to $675 at lease renewals. Units can also be turned over and rented section 8 for $1000+ per unit! Lots of value add and appreciation potential! Accepted offer before inspection. Owner/agent listing
Exterior Features

Buildings 1 Construction Brick/Veneer Foundation Slab Lot Size 45X125 Parking Facility 1 Per Unit Roof Shingle/Shake

Interior Features

Cooling Systems CentralElectrial Floors And Ceilings Concrete Heating Systems CentralElectrical Hot Water Electrical Laundry None

Property Features

1 Bedroom Units 3 2 Bedroom Units 0 3 Bedroom Units 0 Annual City Tax 271 Annual County Tax 287 Assumption No Assumption Efficiency Studio Units 0 Existing Financing Private/Owner Legal Subdivision Name CEDAR ST S/D Lot Number S P T5 Multifamily Type Triplex New Financing Cash OnlyConventional Operating Expenses InsuranceManagementRepairs/MaintenanceTaxes Other Units 0 Percent Occupancy 100 Possession At Closing Sale Includes Building and Land Source Of Info Owner Tenant Pays All Utilities Type Of Leases Monthly Type Of Units 1 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Keystone Realty, LLC: 901-553-4237.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-15T21:04:14.717.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10190917-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10190917-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10190917-2.jpg
Logo
Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672