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$ 130,000
Est. payment | /mo
3 Beds
2 Baths
3,049 Sqft Lot
$ 130,000
Est. payment | /mo
3 Beds
2 Baths
3,049 Sqft Lot
Key Details
Property Type Townhouse
Sub Type Attached Single Family
Listing Status Pending
Purchase Type For Sale
Subdivision The Hills
MLS Listing ID 10225834
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 1973
Annual Tax Amount $1,527
Lot Size 3,049 Sqft
Property Sub-Type Attached Single Family
Property Description
Professionally managed investment opportunity generating immediate cash flow! This tenant-occupied property is ideal for out-of-state investors seeking a stable, low-maintenance asset in the Memphis market. The home is currently leased at $1,200 per month, with the rent increasing to $1,250 beginning January 2027, and the existing lease runs through January 21, 2028, providing reliable income and minimizing vacancy risk. With professional property management already in place, a long-term tenant, and built-in rental growth, this is an excellent opportunity to add a cash-flowing asset to your portfolio with a seamless ownership transition. Please do not disturb the residents.
Location
State TN
County Shelby
Area Whitehaven/Graceland
Rooms
Master Bedroom 20x18
Dining Room 6x8
Kitchen Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Part Carpet, Tile
Fireplaces Number 1
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 2
Others
Miscellaneous Wrought Iron Security Drs
Listed by Bradley Puckett • CB Properties of Memphis, LLC
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Aubrey D Tilson
REALTOR® | Lic# 299942