CASH-FLOWING INVESTMENT | NO REHAB NEEDED | TENANT OCCUPIED
Excellent opportunity to acquire a turnkey, income-producing rental property in Memphis! This 3-bedroom, 2-bathroom home with an attached 1-car garage is in very good condition and requires no immediate repairs. Start collecting rental income from day one with the opportunity to increase cash flow!
The current tenant pays $1,100 per month, with the lease expiring at the end of November. The new owner can evaluate renewing the existing tenant or pursuing a new tenant at market rent, subject to applicable lease and landlord-tenant requirements.
No renovation, no construction delays, and immediate rental income! This is a straightforward buy-and-hold investment with built-in equity potential and an opportunity to increase rental revenue by up to $700 per month.
INVESTMENT HIGHLIGHTS
Off-Market Opportunity
Tenant Occupied — Income From Day One
No Repairs Needed — Turnkey Condition
$22K Potential Equity at Purchase
Significant Rental Upside
Ideal for Buy-and-Hold Investors
ASKING $140,000 | ESTIMATED VALUE $162,000
Secure this Memphis rental before it's gone! Contact us today for additional details and to submit your offer.
Property sold as-is. Buyer to verify market value, rental estimates, property condition, lease terms, expenses, and all investment projections. Cash flow is subject to operating expenses and financing.
More About This Property
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Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $170,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $199,000.
