Investment Property | Memphis | Real Estate in Memphis, TN

Richard [removed phone]$19,8000This is a 3 bedroom 1 bath brick home near Frayser Blvd. and Ridgecrest in the 38127 zip code in Memphis, TN. This home is 1,228 square feet on a large lot with a nice setback from the street. There is a double driveway with a carport for off street parking. The property has a large fenced in back yard with a storage shed. There is a living room, a separate den, and a laundry room. There is hardwood flooring throughout the home which just needs refinishing. The house has central heat/AC as well as storm windows. The house needs $10,000-$12,000 in repairs depending on your upgrade preferences. The ARV for this property is $52,000-$54,000 based on ReMax Comps. ROI 26%Pay back= 45 months Rentometer.com median rent $700Postlet: http://postlets.com/s/1356-greendale-ave-memphis-tn-38127/[removed phone]