Hi Memphis is this a good are for a rental

2 Replies

Hi BP 

I am looking to buy a rental home on  xxx Lillian Dr, Memphis TN 38109

Can anybody let me know what this house is worth in the market today  

Property Type: Single Family 

Beds/Baths: 4 Beds, 1 Bath  

Square Feet: 1,056 sqft 

Lot Size: .2080 Acres 

Year Built: 1960

Updates include:
New siding, Brand New HVAC UNIT, New Wrought iron Doors, New Metal inside Security Doors, New Paint inside and Out Side, New Electrical Service, New Light Fixtures Ceiling Fans sockets etc, New Windows, New Plumbing, Refurbished HARD WOOD Floors, New Carpet, New Ceramic Tile… and the list goes on and on and on!! 

Rented section 8 it's getting good income. Make sure you keep the management with Derrick he is very good in these marginal areas.

It will be a long time before you can re sell  it if you pay the asking price.  But it's not a terrible deal.