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232 Vaal Ave

Memphis, TN 38109
  • $98,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 10185608
UPDATED: 67 min ago
$98,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and no wholesaler/assignable offers.

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© 2024 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: 2024-12-09T18:03:13.047.
www.gowenpropertygroup.com/homes/158109903
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232 Vaal Ave Memphis, TN 38109

  • Price: $98,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 67 min ago
  • MLS #: 10185608
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Spion Kop Blk 3
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and no wholesaler/assignable offers.
Exterior Features

Covered Parking Spaces 0 Exterior And Windows Brick Veneer Foundation Slab Lot Description Some Trees Lot Size 50X100 Parking Driveway/Pad Parking Display 0 Pool Description None Roof Composition Shingles Style Traditional

Interior Features

Cooling 1 Window Unit per Unit Fireplaces 0 Floors And Ceilings TileVinyl Floor Heating Baseboard Hot Water ElectricIndividual System Unit1 Step-Saver Kitchen Unit1 Bedrooms 1 Unit1 Den Dimensions 0x0 Unit1 Dining Room Dimension 0x0 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Living Room Dimension 0x0 Unit1 Primary Dimension 0x0 Unit1 Total Baths 1 Unit2 Step-Saver Kitchen Unit2 Bedrooms 1 Unit2 Den Dimension 0x0 Unit2 Dining Room Dimension 0x0 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Living Room Dimension 0x0 Unit2 Primary Dimension 0x0 Unit2 Total Baths 1

Property Features

Annual City Tax 374 Annual County Tax 469 Annual Insurance Expenses 1600 Duplex Type Built as Duplex Legal Subdivision Name SPION KOP BLK 3 Lot Number 16 New Financing Conventional Percent Occupancy 100 Tenants Pay All Utilities Type Of Leases Year Unit1 Monthly Rent 550 Unit2 Monthly Rent 550 Warranty And Possession Addendums Tenants Rights

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Memphis Metro Realty: 901-352-6200.



© 2024 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: 2024-12-09T18:03:13.047.
 
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5847 Getwell Rd, Bldg B1
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