CLICK LINK FOR VIDEO WALKTHROUGH -https://app.homejab.com/property/view/1313-old-memphis-rd-covington-tn-38019-usa

This inviting property boasts 3 bedrooms, 2 full bathrooms, and resides on a generous one-acre lot, providing ample space for various possibilities. With its solid structure and prime location, this property offers great potential for an investor seeking a rewarding venture.

Key Property Details:

Bedrooms: 3

Bathrooms: 2 full bathrooms

Square Footage: 1,390 sq. ft.

Lot Size: 1 acre

Parking: 1 car carport for convenient and protected parking

Amenities: Walk-in closets in bedrooms, tile flooring updated 2 years ago, updated hot water system (8 years old)

Cosmetic Upgrades Suggested: Countertop refurbishment, bathroom floor renovations, removal of wallpaper

Appliances Included: Refrigerator, stove, microwave, dishwasher

Investment Highlights:

Income Potential: The property has the potential to yield a monthly rental income averaging around $1,400, providing a solid income stream for the investor.

Renovation Opportunities: Primarily requiring cosmetic enhancements, this property presents an excellent opportunity to add value through strategic improvements, ensuring a higher after repair value (ARV) of approximately $215,000.

Outdoor Features: The property is equipped with a covered carport, one patio, and two covered porches, enhancing the overall appeal and functionality of the space.

Spacious Yard and Shed: The one-acre lot provides a spacious yard, and there's a shed that, with some exterior work, can be transformed into a valuable asset on the property.

Location Advantages:

Peaceful Environment: Enjoy the tranquility of a quiet neighborhood with well-spaced neighbors, offering a serene living experience away from the hustle and bustle of city life.

Contact us today to setup a walkthrough!