Property Description

This property is leased at $1,550.00 per month ($18,600 annually) with a cash-on-cash return of 7.95% and a monthly cash flow of $324.54. "All investment figures are estimates and verified independently by buyer." Excellent opportunity for investors, builders, and developers to acquire a residential infill lot in an established Memphis neighborhood. This level homesite offers approximately 40' x 80' dimensions with public water, sewer, and electricity available, providing a straightforward path for new construction. Surrounded by existing residential development and featuring paved street access, curbs, gutters, and sidewalks, the property presents strong potential for a new build or long-term land investment. A rare chance to secure an affordable parcel with utility access and development-ready characteristics in a growing market. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE

Property Features