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1507 Oakwood St, Memphis, TN, 38108

4beds
2baths
1,357sqft
$139,900
$103price/sqft
$1,312/moest. monthly cost
$52,480/yrincome needed

About This Home

1507/1509 Oakwood - Turnkey Duplex Investment Opportunity Well-maintained and recently updated duplex offering immediate income potential. One side is currently rented at $775/month, and the other side is vacant with a prospective tenant expected to move in within the next couple of weeks at approximately $800/month. This property has been fixed up and is positioned for strong cash flow with minimal upfront work needed. Perfect for investors looking to add a performing asset to their portfolio or for an owner-occupant wanting to live in one side while generating rental income from the other. Great opportunity to secure a stabilized duplex with upside potential.

Getting Around

57
WalkingSomewhat Walkable
31
TransitSome Transit
54
BikeBikeable

Schools

3/10
2/10
Douglass High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1964

Materials

  • Construction materials: Brick Veneer

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Updated/Renovated Kit

Heating & Cooling

  • Heating features: Central,Other (See Remarks)
  • Cooling features: Central Air,Other (See Remarks)

Interior Area

  • Total interior livable area: 1,357 sqft

Property

Details

  • Parcel number: 042009 00005

Features

  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 6,000 sqft
  • Features: Other (See Remarks)
  • Lot size dimensions: 40 x 150

Parking

  • Parking features: Driveway/Pad
  • Has uncovered spaces: Yes