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Aubrey D Tilson

aubrey.tilson@crye-leike.com +1(901) 618-7250

$ 130,000

Est. payment | -/mo

4 Beds

2 Baths

0.32 Acres Lot

Save

$ 130,000

Est. payment | -/mo

Save

4 Beds

2 Baths

0.32 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Subdivision Barton Heights 1St Addn

MLS Listing ID 10224807

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1956

Annual Tax Amount $789

Lot Size 0.320 Acres

Property Sub-Type Detached Single Family

Property 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.

Location

State TN

County Shelby

Area Whitehaven/Graves

Rooms

Master Bedroom 12x10

Dining Room 10x10

Kitchen Eat-In Kitchen, Vinyl/Luxury Vinyl Floor

Interior

Heating Wall Unit

Cooling No Cooling

Flooring Vinyl/Luxury Vinyl Floor

Exterior

Exterior Feature Brick Veneer

Parking Features Driveway/Pad, On-Street Parking

Pool None

Private Pool Yes

Building

Lot Description Wooded

Story 1

Others

Miscellaneous Porch

Listed by Alissa G Anderson • KAIZEN Realty, LLC

Nearby Locations

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Aubrey D Tilson

REALTOR® | Lic# 299942

aubrey.tilson@crye-leike.com

+1(901) 618-7250

6525 N Quail Hollow Rd Memphis, TN, 38120

194 E BISCAYNE RD Memphis, TN 38109

Aubrey D Tilson

Key Details

Location

Rooms

Interior

Exterior

Building

Others

194 E BISCAYNE RD