893 Pearce StMemphis, TN 38107

Description

Fully renovated income-producing duplex offering an excellent opportunity for investors seeking a low-maintenance, cash-flowing asset in a central Memphis location. Just minutes from both downtown and midtown, this all-brick property completed a major renovation in 2023 and is ready to perform from day one. Each side features a comfortable 1 bedroom / 1 bathroom layout with central heat and air. The units are mirror-matched at $915/month each, for a gross potential rent of $1,830/month ($21,960/year). One side is already leased to a tenant in place at $915, while the opposite side is currently being marketed at the same rate — giving a new owner immediate income plus upside as the second unit leases up. The property is professionally managed, making it an ideal fit for hands-off and out-of-state investors who want a stabilized asset without the day-to-day operational burden. No showings without accepted offer. No creative/seller finance

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

Traditional

Year built

1950

Stories

1

Building area

1,072 Sq Ft

Days on market

55

MLS^® Listing#

10228410

Property Features

Cooling

Central Air

Heating

Central

Pool

None

Parking

Driveway

Lot features

Level

Construction

Brick · Brick Veneer

Roof

Composition

Financial Details

Annual taxes

$1,015

Parcel number

027035 00004

Directions

From Downtown Memphis, take Jackson Ave west. Turn right onto N Watkins St, then left onto Pearce St. Continue to 893 Pearce St, Memphis, TN 38107. The property will be on your right.