232 Vaal Avenue
Memphis, TN 38109
$98,000
Price
2
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and...Great chance for investors to get a nice, cashflowing duplex - $1100/month in rent! Units were rehabbed prior to leasing and should be in great shape! Owner says the roof is within 10 years, maybe newer, slab foundation and brick exterior all check a lot of boxes for investors! The two leases are newer, but both are current as of listing. Each side is rented for $550 and one lease ends 7/31/25, other 9/30/25. No showings until accepted contract, buyer to verify all facts. No seller-financing and no wholesaler/assignable offers.
- Listed by Randall Weatherall • Memphis Metro Realty
Property Details for 232 Vaal Avenue
Area
747A
StyleTraditional
ParkingDriveway/Pad
MAAR Subdivision NameSPION KOP BLK 3
Legal Subdivision NameSPION KOP BLK 3
LISTING UPDATED: 11/21/2024 01:56 PM
Property Details for 232 Vaal Avenue
| Status | Active |
|---|---|
| MLS # | 10185608 |
| Days on Market | 2 |
| Taxes | $843 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Duplexes / Built as Duplex |
| Year Built | 1960 |
| Lot Size | 0.11 AC / 5,000 SF |
| County | Shelby County |
Building Information for 232 Vaal Avenue
Stories1Year Built1960Building Size-Lot Size0.11 AC / 5,000 SF
Property Information for 232 Vaal Avenue
Summary
Location and General Information
- Address: 232 VAAL AVE
- Address Search Number: 232
- Directions: Going S on Hwy 61, take a right onto S Pkwy W, then a left onto Kansas St. Take a right onto Vaal St., and the duplex will be on the right.
- Geo Match Code: 0
- Geo Matched Method: 0
- Geo Quality: .95
- Geo Update Timestamp: 11-21-2024
- Geo Zoom Level: 16.00
- Map Coordinate: A
- MLS Map Num: South Memphis/61 Hwy
Parking
- Parking Display: 0
Taxes and HOA Information
- Hot Water: Electric, Individual System
- LVT Date: 11-21-2024
- Annual Insurance Expenses: $1,600
Property
Lot Information
- Lot Size: 50X100
- Lot Num: 16
- Lot Description: Some Trees
- Parcel ID: 035050 00013
Property and Assessments
- Foundation: Slab
- Percent Occupancy: 100
- Service Type: Full Service Listing
Utilities
- Cooling: 1 Window Unit per Unit
Interior and Exterior Features
Exterior Features
- Pool Description: None
- Roof: Composition Shingles
Interior Features
- Num of Fireplaces: 0.0
- Floors/Ceilings: Tile, Vinyl Floor
- Heating: Baseboard
Multi Family
Unit 1
- Unit 1: Step-Saver Kitchen
- Unit 1 Bedrooms: 1
- Unit 1 Den GR Dimensions: 0x0
- Unit 1 DR Dimension: 0x0
- Unit 1 Full Baths: 1
- Unit 1 Half Baths: 0
- Unit 1 LR Dimension: 0x0
- Unit 1 Monthly Rent: $550
- Unit 1 Total Baths: 1
Unit 2
- Unit 2: Step-Saver Kitchen
- Unit 2 Bedrooms: 1
- Unit 2 Den GR Dimension: 0x0
- Unit 2 DR Dimension: 0x0
- Unit 2 Full Baths: 1
- Unit 2 Half Baths: 0
- Unit 2 LR Dimension: 0x0
- Unit 2 Monthly Rent: $550
- Unit 2 Total Baths: 1
Property History for 232 Vaal Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 232 Vaal Avenue
Taxable ValueLand$1,400Additions$12,440Total$13,840
Tax Record2023$843 ($70 / month)
Home Facts
Baths2Total Finished SqFt984 SqFtAbove Grade Finished SqFt984 SqFtStories1Lot Size4,966 SqFtStyleDuplexYear Built1960Year Renovated1990ZoningR-6CountySHELBYAPN035-050- - -00013Fireplace TypeHas Fireplace
Schools near 232 Vaal Avenue
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Riverview Middle School PublicPK to 8 | ||
Hamilton High School Public9 to 12 | ||
Vision Preparatory Charter School CharterK to 5 | ||
Carver College and Career Academy PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Riverside
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Memphis Metro Realty