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Key Details
Sold Price $35,000
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 100-999
Square Footage 999 sqft
Price per Sqft $35
Subdivision West New South Memphis Blk 1
MLS Listing ID 10130172
Sold Date 03/17/23
Style Traditional
Bedrooms 2
Full Baths 2
Year Built 1920
Annual Tax Amount $293
Lot Size 4,791 Sqft
Property 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.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Rooms
Master Bedroom 0
Dining Room 0
Kitchen Separate Living Room, Updated/Renovated Kitchen
Interior
Heating Floor Furnace
Cooling Window Unit(s)
Flooring Wood Laminate Floors
Exterior
Exterior Feature Vinyl Siding
Garage Driveway/Pad
Pool None
Building
Lot Description Level, Some Trees
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Jason Green • Vantage Brokerage TN, LLC
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