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BEDS3
BATHS1 full
MLS#10221846
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONLOUIS MILLERS CHEROKEE AVE
NEIGHBORHOODSouth Memphis-61 Hwy
Property Description
This property has a projected monthly rent of $1,075 ($12,900 annually), an estimated cash-on-cash return of 31.45%, and an expected monthly cash flow of $530.79. "all investment figures are estimates and verified independently by buyer" Solid investment opportunity in a growing Memphis rental corridor. This 3BR/1BA single-story home offers a bright, functional layout with durable hard surface flooring throughout and an updated kitchen featuring shaker-style cabinetry. The property includes central heat and air and a spacious fenced backyard ideal for added value or future enhancements. Well-maintained with strong rental potential and minimal immediate upkeep, this home is positioned for both cash flow and long-term appreciation. Property needs TLC and is being sold AS IS. Seller will not connect utilities. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.17 Acres
Year Built: 1958
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 28
Exterior: Patio
Exterior/ Windows: Wood/Composition
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Living Room, Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 6
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
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 138.45 per month $122.41 Principal & Interest $0.00 Property Tax (data not provided by mls) $16.04 Homeowner's Insurance
799 Cherokee Ave | MLS# 10221846
This single family home located at 799 Cherokee Ave, Memphis, TN 38106 is currently listed for sale with an asking price of $55,000. This property was built in 1958 and has 3 bedrooms and 1 full baths. Cherokee Ave is located in the LOUIS MILLERS CHEROKEE AVE subdivision. Search LOUIS MILLERS CHEROKEE AVE real estate on www.clcommercialrealestate.com today.