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Property Description

The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 6.91% and a monthly cash flow of $247.36. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring, an updated kitchen with new countertops and fixtures, and a fully renovated bathroom with new tub and subway tile. Additional enhancements include fresh interior and exterior paint, updated lighting throughout, and completed crawl space and system repairs. Turnkey condition with strong rental potential and minimal deferred maintenance. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Features
: No
: Central
: Central
0
: Driveway/pad
Address Map
US
TN
Shelby
Memphis
CRUMP BROS
38106
NETHERWOOD
1531
AVE
0
W91° 59' 18.9''
N35° 6' 48.2''
From E McLemore Ave, go south on Rayner St, turn left on Netherwood Ave; property on right.
MLS Addon
4609
Active
: Detached Single Family
1
50X143

Residential For Sale

1531 NETHERWOOD AVE, Memphis, Tennessee 38106

3 Bedrooms
1 Bathrooms
0 Sqft
$145,900
Listing ID #10195316
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 10195316
Price : $145,900
Bedrooms : 3
Bathrooms : 1
Full Bathrooms : 1
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1912
Lot Area : 0.16 Acre
Status : Active
Days On Market : 393
Apprx Heated SqFt Range : 1200-1399
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