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2162 GRIGGS AVE, Memphis, TN 38108

Local realty services provided by:CENTURY 21 Home First Realtors
2162 GRIGGS AVE,Memphis, TN 38108
$149,900
  • - Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mark wilson
Office: coldwell banker collins-maury
MLS#:10204601
Source:TN_MAAR

Price summary

  • Price:$149,900

About this home

Cash-flowing Turnkey Memphis duplex investment offered at $149,900 with immediate income in place. This fully occupied duplex features two 1BR/1BA units, each leased at $750/month, generating $18,000 in gross annual rent. At current rents, the property offers an approximate 9% cap rate and a strong GRM around 8.3 (buyer to verify all financials). Both units include updated kitchens, tile baths with tile surrounds, luxury vinyl plank flooring in living and bedroom areas, tile in kitchens and baths, double-pane vinyl windows, ceiling fans, covered front porch, security doors, and a huge backyard. A solid, stabilized asset ideal for investors seeking reliable income. Do not disturb tenants, drive by only. Make offers contingent upon viewing inside. No wholesalers, assignments, or creative seller financing.

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Home facts

  • Year built:1945
  • Listing ID #:10204601
  • Added:133 day(s) ago
  • Updated:January 10, 2026 at 12:28 PM

Rooms and interior

  • Total bathrooms:1

Heating and cooling

  • Heating:Gas, Wall Heat

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1945

Finances and disclosures

  • Price:$149,900
  • Tax amount:$530
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