511 Cambridge AveMemphis, TN 38106

Description

Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one — no vacancy period, no lease-up risk. Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted — sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Traditional

Year built

2007

Stories

1

Building area

1,050 Sq Ft

Days on market

17

MLS^® Listing#

10230871

Property Features

Cooling

Central Air

Heating

Central

Pool

None

Parking

Driveway

Lot features

Level

Construction

Brick Veneer

Foundation

Slab

Roof

Composition · Shingle

Financial Details

Annual taxes

$747

Parcel number

025052 00005

Directions

From Downtown Memphis, take S Main St south, then turn left onto E McLemore Ave. Turn right onto S Lauderdale St, then left onto E Trigg Ave. Turn right onto Cambridge Ave and continue to 511 Cambridge Ave