ResidentialFor Sale
3BR Ranch — Memphis, TN
$89,500Memphis, TN
3Beds
1Baths
1,240Sqft
0.18 acLot
1968Built
About this Property
Solid brick ranch on a quiet residential street. Tenant-occupied with month-to-month lease generating $875/mo. Roof replaced 2019, HVAC 2021. Strong rental market with low vacancy in this zip code. Ideal for buy-and-hold investors.
Highlights
Tenant occupied — immediate cash flow
Roof 2019 / HVAC 2021
Month-to-month lease
Strong rental demand area
Property Details
TypeResidential
StatusFor Sale
Price$89,500
Cap Rate11.7%
Monthly Rent$875
Property Tax$1,240/yr
ZoningR-1 Residential
Parcel ID074-0032-0019
Year Built1968
Square Feet1,240 sqft
Lot Size0.18 ac
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