538 E McKellar AveMemphis, TN 38106

Description

Solid 3 bedroom, 2 bath investment property, offered as a turnkey investment. A long-term tenant is currently in place on a month-to-month lease, paying $1,073/month, delivering immediate cash flow from close with no vacancy or lease-up period. Property will not be shown until an offer is accepted — buyer to underwrite on rent roll and photos, with inspection contingency as needed. Cash or conventional financing only; no creative financing (no seller financing, subject-to, wraps, or lease-options will be considered). Highlights: 3 bed / 2 bath Long-term tenant in place, month-to-month Current rent: $1,073/month No showings prior to accepted offer Cash or conventional financing only — no creative financing

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Traditional

Year built

1928

Stories

1

Building area

1,615 Sq Ft

Garage spaces

1

Parking spaces

1

Days on market

16

MLS^® Listing#

10230880

Property Features

Cooling

Central Air

Heating

Central

Pool

None

Parking

Driveway

Lot features

Level

Construction

Brick Veneer

Roof

Composition · Shingle

Financial Details

Annual taxes

$1,282

Parcel number

049013 00012C

Directions

From Downtown Memphis, take S Main St south, then turn left onto E McLemore Ave. Continue and turn right onto S Lauderdale St, then left onto E McKellar Ave.