Exceptional opportunity for investors seeking income-generating properties! This fully renovated gem offers a lucrative mid-term income potential, capable of over $5000.00 per month in earning potential. 5 bedrooms and 2 bathrooms, this property has undergone extensive updates, including a newer roof, updated electrical, plumbing, & HVAC systems. Fresh and modern interior, complete with all-new paint, flooring, & more. Seasoned investor or a newcomer to the market, don't miss out on this deal.
Great investment opportunity! This 4 Bedroom 2 bath home on a quiet street featuring LVP flooring downstairs and carpet upstairs. Renovations are needed and reflected in the sale price. Professionally and locally managed. The owner would bundle with another cashflowing property.
Investor Special. Price includes two properties offered together. 574 & 578 McKinley, right next to each other on a corner. 578 McKinley is a single family home with over 1800 sq footage. Lower level semi-renovated. 574 McKinley is Second is a duplex. Great Properties to add to a rental portfolio. Easy to show with the exception of the tenant occupied side. 3 minutes from Fed Forum in downtown Memphis. Zone for Multi-family. Single family can easily rent as a single home or rooming home.
Investor Special! This cash cow is tenant occupied with rent at $1200 a month. The home has fully renovated with new tile floors, new paint, fully updated bathrooms/ kitchen, new roof and plumbing! Add this asset with over a 13% cap rate to your portfolio today!
This home is minutes away from downtown. Has been completely renovated. It has a 3-year-old roof, all new windows, ceiling fans in bedrooms, porcelain tile flooring, surveillance cameras, and has a large central unit for the residence. The home is a 2/1 and has a 2-unit building located in the rear and need to be finished, but great for rental to generate passive income. The home and the units are separated by a concrete patio. Great opportunity for investors in the area downtown.
The median home value in Memphis, TN is $148,300. This is lower than the county median home value of $206,500. The national median home value is $338,100. The average price of homes sold in Memphis, TN is $148,300. Approximately 40.23% of Memphis homes are owned, compared to 45.77% rented, while 14% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Memphis real estate agent to arrange a tour today!
Memphis, Tennessee 38126 has a population of 634,139. Memphis 38126 is less family-centric than the surrounding county with 19.26% of the households containing married families with children. The county average for households married with children is 25.11%.
The median household income in Memphis, Tennessee 38126 is $43,981. The median household income for the surrounding county is $55,015 compared to the national median of $69,021. The median age of people living in Memphis 38126 is 34.2 years.
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.3 degrees. The average rainfall is approximately 54.1 inches per year, with 3 inches of snow per year.