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33 E Fernwood Ave

Memphis, TN 38109
  • $125,000
  • STATUS: Pending
  • ON SITE: 16 Days
  • ID#: 10196069
Pending
UPDATED: 14 min ago
$125,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Description

Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.

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© 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-24T00:03:58.527.
www.yournewhomekey.com/homes/163433472
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33 E Fernwood Ave Memphis, TN 38109

  • Price: $125,000
  • Status: Pending
  • On Site: 16 Days
  • Updated: 14 min ago
  • ID#: 10196069
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
New South Memphis Blk 34
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Investment opportunity. Professionally managed and tenant occupied DUPLEX. Each unit is 2 bedrooms and 1 bathroom and brick exterior (4 bedrooms 2 full bathrooms total). Addresses are 33 & 35 E. Fernwood. The market rent is probably $900 or more per unit ($1800 or more) and the current rent is $1045. Property is fully rented out and professionally managed (leases, ledgers, repair history in place). 100% occupied property. Rents are $550/mo and $495/mo with leases ending 12/31/25 and 8/31/25. One unit was recently rehabbed within the last 12 months. Property has hardwood floors and very convenient location.
Exterior Features

Covered Parking Spaces 0 Exterior And Windows Brick Veneer Lot Description Level Lot Size 50X135 Parking Driveway/Pad Parking Display N0 Pool Description None Style Traditional

Interior Features

Cooling Other (See Remarks) Floors And Ceilings Part Carpet Heating GasOther (See Remarks)Wall Heat Hot Water Gas Unit1 Pantry in Kitchen Unit1 Bedrooms 2 Unit1 Den Dimensions 0 Unit1 Dining Room Dimension 0 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Living Room Dimension 0 Unit1 Primary Dimension 0 Unit1 Total Baths 1 Unit2 Pantry in Kitchen Unit2 Bedrooms 2 Unit2 Den Dimension 0 Unit2 Dining Room Dimension 0 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Living Room Dimension 0 Unit2 Primary Dimension 0 Unit2 Total Baths 1

Property Features

Annual City Tax 511 Annual County Tax 648 Duplex Type Built as Duplex Legal Subdivision Name NEW SOUTH MEMPHIS BLK 34 Lot Number 6 New Financing Other (See Remarks) Type Of Leases Other (Call LA) Warranty And Possession Addendums Possession by AgreementTenants Rights

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-756-8900.



© 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-24T00:03:58.527.
 
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