Turnkey short term rental- STR positioned near Overton Park in Midtown Memphis, The Crestmere Estate at offers a luxury hospitality asset with investment potential. The property includes a 4BR/2.5BA Tudor main home plus a 2BR/1BA detached guesthouse with downstairs storage that is plumbed, heated/cooled, creating a flexible 6BR/3.5BA layout for short-term rental use. Resort-style outdoor spaces include a renovated gunite heated saltwater pool, bluestone decking, courtyard, fountains, iron gates, and a landscaped double lot, full third-floor attic with high ceilings, and a basement wine cellar. Seller-stated STR performance includes an average occupancy of about 70%, $100K-$120K in annual revenue, and approx. $20K in future bookings included with sale. STR business available for an additional fee, including website, Hostfully, Turno, PriceLabs, chatbots, Breezeway, furnishings, linens, towels, pool supplies, & listing opportunities online. Contact listing agent for business details.
| MLS # | 10223928 |
|---|---|
| Listing Type | For Sale |
| Style | Other (see Remarks) |
| Sub-Type | Resale |
| Status | Active |
| Year | 1934 |
| Days On Site | 70 |
| Listing Provided By | BHHS McLemore & Co. Realty | Shay Payne |
| Story(s) | 2 |
|---|---|
| Building(s) | 2 |
| Zoning | R |
| Roof | Composition Shingles |
|---|---|
| Foundation | Conventional/Crawl Space |
| Parking Facility | Attached, Covered |
|---|
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38112 |
| Area | Midtown | Holmes |
| Subarea | 7513 |
| Community Name | Demuth White Crestmere Place |
| Listing VS Median (in Demuth White Crestmere Place) | |
Price: $575,000 low | high Med: $0 On site: 70 low | high Med: | |
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38112 |
| Area | Midtown | Holmes |
| Subarea | 7513 |
| Community Name | Demuth White Crestmere Place |
| Listing VS Median (in Demuth White Crestmere Place) | |
Price: $575,000 low | high Med: $0 On site: 70 low | high Med: | |