4575 Spring Glen DrMemphis, TN 38128

Description

Investors, you won't want to miss this opportunity! Well maintained property with built in value; currently priced to exceed than the 1% rule! Tenant-occupied. Do not disturb. Showings by appointment only with accepted offer and proof of funds. Professionally managed cash-flowing 3BD/1BA brick home in a quiet Memphis cove generating $835/month with a month-to-month tenant in place. Current estimated market rent $950 per month. Near Austin Peay Hwy with easy access to Raleigh Springs shopping, dining, and I-40/I-240 — attractive to a large renter pool. Lower maintenance brick exterior. Recent updates include new carpet and exterior paint. Property to be sold in AS-IS condition. Photos reflect pre-tenancy condition. Property is currently tenant-occupied.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch / Traditional

Year built

1972

Stories

1

Building area

903 Sq Ft

Lot size

0.09 acres

Garage spaces

1

Parking spaces

1

Days on market

117

MLS^® Listing#

10224142

Property Features

Interior

Eat-in Kitchen · Kitchen Island

Cooling

Central Air

Heating

Central

Flooring

Carpet · Tile

Pool

None

Parking

Driveway · Storage

Laundry

Washer Hookup

Patio

Porch

Lot features

Level · Wooded

Construction

Wood Siding · Brick Veneer

Rooms

Financial Details

Annual taxes

$1,017

Parcel number

090006 00016

Directions

From North Jackson Ave, slight right on Raleigh-Millington Rd, straight on Ramill Rd., left on Egypt-Central Rd., right on Spring Glen Dr., home is on the left.