Skip to main content
Property Description

VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can’t match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.

Features
Swimming Pool:
No
Heating System:
Wall Unit
Cooling System:
No Cooling
Fireplaces:
0
PARKING/STORAGE:
Driveway/pad, On-street Parking
Address Map
Country:
US
State:
TN
County:
Shelby
City:
Memphis
Subdivision:
BARTON HEIGHTS 1ST ADDN
Zipcode:
38109
Street:
BISCAYNE
Street Number:
194
Street Suffix:
RD
Floor Number:
0
Longitude:
W91° 56' 33.1''
Latitude:
N35° 3' 42.8''
Directions:
Blues Hwy to Biscayne Rd. E to home
Address Direction:
E
MLS Addon
Agent ID:
20331
Status:
Active
Type:
Detached Single Family
# of Stories:
1
Lot Size:
70X200

Residential For Sale

194 BISCAYNE RD, Memphis, Tennessee 38109

4 Bedrooms
2 Bathrooms
0 Sqft
$124,900
Listing ID #10224807
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
10224807
Price :
$124,900
Bedrooms :
4
Bathrooms :
2
Full Bathrooms :
2
Half Bathrooms :
0
Square Footage :
0 Sqft
Year Built :
1956
Lot Area :
0.32 Acre
Status :
Active
Days On Market :
57
Contact Agent