Property Description

Turnkey short term rental- STR positioned near Overton Park in Midtown Memphis, The Crestmere Estate at offers a luxury hospitality asset with investment potential. The property includes a 4BR/2.5BA Tudor main home plus a 2BR/1BA detached guesthouse with downstairs storage that is plumbed, heated/cooled, creating a flexible 6BR/3.5BA layout for short-term rental use. Resort-style outdoor spaces include a renovated gunite heated saltwater pool, bluestone decking, courtyard, fountains, iron gates, and a landscaped double lot, full third-floor attic with high ceilings, and a basement wine cellar. Seller-stated STR performance includes an average occupancy of about 70%, $100K-$120K in annual revenue, and approx. $20K in future bookings included with sale. STR business available for an additional fee, including website, Hostfully, Turno, PriceLabs, chatbots, Breezeway, furnishings, linens, towels, pool supplies, & listing opportunities online. Contact listing agent for business details.

Features

Heating System:: Central, Gas
Cooling System:: Central Cooling
Roof Deck:: Composition Shingles
Flooring:: Hardwood
FOUNDATION:: Conventional/crawl Space
Parking Facility:: Attached, Covered

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: Williford Place & Crestmere Place
Zipcode:: 38112
Street:: CRESTMERE
Street Number:: 180
Street Suffix:: PL
Floor Number:: 0
Longitude:: W90° 1' 9.2''
Latitude:: N35° 8' 26.4''
Directions:: Go east on Poplar from East Parkway. Turn left onto Crestmere Place. The home is the second on the right.