5/25/12 IMPORTANT ANNOUNCEMENT: MAJOR BP Update Next Week!

Hide this

Investment @property Directory

Fantastic Memphis Investment

Residential Income Property (Single Family Rental)

Listing Expired 8 months ago

List Price:

$74,900

XXXX Whiteplains
Memphis, TN 38116 Get Map


Built 1966
Posted July 05, 2011



Description:

Here is another great brick home located in the Whitehaven area of Memphis. This three bedroom home offers a prospective investor nice positive cash flow of $200-$300 per month, while at the same time being located in one of the best areas of town for a retail sale down the road.

When it comes to real estate location is the key, and boy, does this house have location. Less than 1/2 mile from I-55 and the border with Mississippi, and only a 15 minute drive to downtown Memphis, not to mention local shops and schools, this home should have no problem renting quickly. A leveraged investor can expect a 20%+ ROI for this completely remodeled home in Whitehaven.
See attached rehab list for repairs completed to the property.

For more information please visit www.memphisinvest.com