33 E FERNWOOD, Memphis, TN 38109

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.