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556 Melton Ave, Memphis, TN 38109

$118,000
  • 556 Melton Ave, Memphis, TN 38109 Main Photo

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Active
BEDS4 BATHS1 full 1 partial MLS#10213688
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONINDIAN HILLS NEIGHBORHOODMitchell-Westwood

Property Description

This property is leased at $1,275 per month ($15,300 annually) through 07/31/2026, with a cash-on-cash return of 8.59% and a monthly cash flow of $257.82. "All investment figures are estimates and verified independently by buyer." Investor-friendly single-family opportunity in Memphis offering strong rental potential and long-term appreciation. The home features a functional layout with spacious living areas, well-sized bedrooms, and an efficient kitchen designed for everyday durability. Recent updates throughout enhance livability, reduce maintenance needs, and improve overall appeal. Interior and exterior present in well-maintained condition with solid structure and practical finishes. Ideal buy-and-hold addition for investors seeking steady cash flow and portfolio growth. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE

556 Melton Ave | MLS# 10213688

This single family home located at 556 Melton Ave, Memphis, TN 38109 is currently listed for sale with an asking price of $118,000. This property was built in 1968 and has 4 bedrooms and 1 full and 1 partial baths. Melton Ave is located in the INDIAN HILLS subdivision. Search INDIAN HILLS real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.16 Acres
Year Built: 1968

Feature Descriptions

Bed and Bath: All Bedrooms Down
Days on Site: 132
Exterior: Porch
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Dining Room, Separate Living Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 7

Listed By / Shown By

Listed By

Agency Name: Foundation Property Management

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: MAAR MLS

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Estimated Payment

$ 297.03 per month $262.62 Principal & Interest $0.00 Property Tax (data not provided by mls) $34.42 Homeowner's Insurance

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