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
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2BEDS
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0.11ACRES
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2BATHS
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01/2 BATHS
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100-999SQFT
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$64$/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.
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