Description
Potential investment property in the South Memphis area. The seller just renovated the interior. The house could easily rent for at least $700/mo. At the current list price the property would generate a cap rate of 18.6% before taxes and maintenance overhead. Before the seller renovated the inside, the former tenants were paying $650/mo.
$35,000
SOLD - 03/17/2023
-
2BEDS
-
0.11ACRES
-
2BATHS
-
01/2 BATHS
-
100-999SQFT
-
$64$/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
County:
Area:
School Ratings & Info
Description
Potential investment property in the South Memphis area. The seller just renovated the interior. The house could easily rent for at least $700/mo. At the current list price the property would generate a cap rate of 18.6% before taxes and maintenance overhead. Before the seller renovated the inside, the former tenants were paying $650/mo.
© 2023 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dwell Real Estate Group. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-03-24T11:03:29.243.