Property Description

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)

Features

Swimming Pool:: No
Heating System:: Central
Cooling System:: Ceiling Fan(s), Window Unit(s)
Fireplace:: Decorative Only
Fireplaces:: 0
FOUNDATION:: Conventional
PARKING/STORAGE:: Driveway/pad

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: GOODLOE & MARTIN BLK 3
Zipcode:: 38106
Street:: SAXON
Street Number:: 1184
Street Suffix:: AVE
Floor Number:: 0
Longitude:: W91° 58' 38.8''
Latitude:: N35° 7' 2.2''
Directions:: From west on S Parkway E, make a right on Bellevue , cross over E McLemore and make a left on Saxon. Home is on the right. No sign in the yard and please do not disturb the tenant.