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3755 Fairmont Ave, Memphis, TN, 38122

2beds
2baths
1,108sqft
$140,000
$126price/sqft
$1,145/moest. monthly cost
$45,800/yrincome needed

About This Home

Turnkey duplex investment opportunity at 3755 Fairmont in Memphis! This income-producing property features two units, one unit is currently rented at $650/month, delivering immediate cash flow from day one. Ideal for investors seeking steady returns, the property offers strong rental demand in a consistently performing market. Each unit provides comfortable living space, making it attractive to long-term tenants. Whether you're looking to expand your portfolio or secure your first multifamily asset, this duplex presents a solid opportunity with built-in income and upside potential through future rent growth. Don’t miss this chance to own a performing asset in a proven rental area!

Getting Around

20
WalkingCar-Dependent
30
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

4/10
Kingsbury Elementary SchoolGrades PK-50.6 mi
3/10
Kingsbury Middle SchoolGrades 6-80.6 mi
3/10
Kingsbury High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1950

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other (See REMARKS)
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

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

Features

  • Updated/Renovated Kit

Heating & Cooling

  • Heating features: Other (See Remarks)
  • Cooling features: Other (See Remarks)

Interior Area

  • Total interior livable area: 1,108 sqft

Property

Details

  • Parcel number: 043088 00002

Features

  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 10,750 sqft
  • Features: Other (See Remarks)
  • Lot size dimensions: 50 x 215

Parking

  • Parking features: Other (See REMARKS)