Question about Duplex Memphis 38115

[Mushfiq S.]

I am looking at a duplex in Memphis, TN in 38115 area. The cash flow is great but I hear "bad" things about this specific area called Hickory Hill.

The property is a couple streets east of Apple Blossom Dr,  and Flowering Peach Dr. I hear these two streets are rough. While this property is not on those streets, it is nearby.

The property has two tenants. One of them has been there for more than 1 year. The other just got placed. The unit was vacant for over 4 months. This tells me it was a lack of oversight from the prop. management, or that because of winter months, demand is low for rentals. I've also not been able to receive a very detailed rent roll showing late payments, etc; just a spreadsheet. Since I will be inheriting tenants, this does worry me.

What do you all think about this area? I can share more specific details if needed.

[James Martin]

I personally don’t like duplexes due to the high turnovers! Now the area your references is horrible!!!!! I’ve been given properties on that street and turned them down. For years we’ve managed several units in the area and man it was tuff. If it will help I can share with you a Investing map that breaks down neighbors in Memphis by location and risk.