Description
BACK ON THE MARKET THROUGH NO FAULT OF THE SELLER OR THE PROPERTY Make this your first rental or add this to your existing rental portfolio! This property would be perfect for a DSCR loan and it meets the 1% rule that most investors look for. The tenant pays $1000 per month (Section 8) - $796 is paid by MHA and $204 is paid by the tenant. Tenant has been in the property three years now and wants to stay. The lease was up 7/31/2026 and the tenant is now month to month. The home was updated a few years ago and the roof is 2 years old, furnace is 5 years old. This home is located minutes from LeMoyne Owen College, Stax Museum, Midtown and Downtown. Call for more information! No seller financing offers or wholesalers. (The interior pictures in MLS were taken before the tenant moved in)
Details
| MLS # | 10228607 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 37 |
| Listing Provided By | Fast Track Realty, LLC | Verna Littleton |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| Story(s) | 1 |
| Acreage | 0.17 |
| Property View | Some Trees, Level |
Interior
| Number Of Rooms | 5 |
|---|---|
| Cooling | Ceiling Fan(s), Window Unit(s) |
| Heating | Central |
| Misc Interior | Pull Down Attic Stairs, Attic Access, Cat/Dog Free House, Smoke Detector(s), Other (See REMARKS) |
Exterior
| Roof | Composition Shingles |
|---|---|
| Foundation | Conventional |
| Lot Description | Some Trees, Level |
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38106 |
| Area | Central Gardens |
| Subarea | 746I |
| Community Name | GOODLOE & MARTIN BLK 3 |
| Listing VS Median (in GOODLOE & MARTIN BLK 3) | |
Price: $75,000 low | high Med: $0 On site: 37 low | high Med: | |
Market Activity 38106
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38106 |
| Area | Central Gardens |
| Subarea | 746I |
| Community Name | GOODLOE & MARTIN BLK 3 |
| Listing VS Median (in GOODLOE & MARTIN BLK 3) | |
Price: $75,000 low | high Med: $0 On site: 37 low | high Med: | |
