Description
VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.
Details
| MLS # | 10224807 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 58 |
| Listing Provided By | KAIZEN Realty, LLC | Alissa Anderson |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| Story(s) | 1 |
| Acreage | 0.32 |
| Property View | Wooded |
Interior
| Number Of Rooms | 6 |
|---|---|
| Cooling | No Cooling |
| Heating | Wall Unit |
Exterior
| Lot Description | Wooded |
|---|
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38109 |
| Area | Whitehaven | Graves |
| Subarea | 763A |
| Community Name | BARTON HEIGHTS 1ST ADD |
| Listing VS Median (in BARTON HEIGHTS 1ST ADD) | |
Price: $124,900 low | high Med: $0 On site: 58 low | high Med: | |
Market Activity 38109
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38109 |
| Area | Whitehaven | Graves |
| Subarea | 763A |
| Community Name | BARTON HEIGHTS 1ST ADD |
| Listing VS Median (in BARTON HEIGHTS 1ST ADD) | |
Price: $124,900 low | high Med: $0 On site: 58 low | high Med: | |
