Memphis Investment Property!!
4555 Addington, Memphis, TN 38128
Location: Raleigh
How often can you purchase a 15 year old Memphis Investment Property AND rehab it all for less than $55,000? This is a great opportunity for such a thing! With three bedrooms, two bath, brick exterior, central heat and air, great location in the northern part of Memphis, this property offers a great ROI of potentially 22%+. Priced at only $42.60 per square foot, this relatively new home is practically being given away! Located just down the street from area schools, this house should always have a high rental demand meaning POSITIVE, MONTHLY CASH FLOW for a Memphis real estate investor!
Repairs to this property include: landscape work, fresh interior paint, new carpet, new tile flooring, kitchen and bath remodel, service all systems, and a house cleaning.
Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.
Property Cost
Price: $40,900
Estimated Rent: $550-$650
Annual Taxes: $1,181.57
Price Per Sq Ft: $42.60
Potential ROI: 22.08%
Zillow: $53,500
Previous Sale: $56,000 12/28/1994
Tax Assessed: $65,500
Rehab: $11,000
Property Location
4555 Addington
Memphis, TN 38128
Memphis, TN 38128
Features
Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway
Year Built: 1994
Lot Size: .13
Square Footage: 960
Agent Name: Brett Clothier
Broker: Brett Clothier
Owner Agent: Yes
Attributes
Appliances
Range/Oven
Dishwasher
Interior Amenities
Attic
Exterior Amenities
Patio
Grass Lawn
Photo Gallery
