1048 Walk Pl, Memphis, TN 38106, USA

$32,000

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šŸ” Investor Opportunity – Cash-Flowing 4BR Rental (Value-Add!)

Beds/Baths: 4 BR / 1 BA
SqFt: ~1,218
Occupancy: Tenant-occupied (month-to-month)
Current Rent: $700/month
Seller: Inherited property | Motivated to sell

šŸ”Ž Condition Snapshot:

The home is livable but dated throughout — ideal cosmetic value-add play.

Interior:

  • Outdated and ā€œstuck in timeā€

  • Full cosmetic update recommended

Kitchen:

  • Needs new cabinets, flooring, counters

  • Stove & fridge okay

Flooring:

  • Replace flooring throughout

Windows:

  • Very old → replace all windows

Bathroom:

  • Small but functional

  • Full cosmetic update recommended

HVAC:

  • No central HVAC

  • Gas heat

  • Window AC units (2 units; one ~3 years old)

šŸ”§ Major Systems:

  • Roof: Brand-new (replaced last year after leak) āœ”ļø

  • Plumbing: No known issues

  • Electrical: No known issues

  • Foundation: No known issues

šŸ’° Investor Highlights:

  • Cash-flowing at $700/mo with flexible M2M tenant

  • New roof reduces major CapEx exposure

  • Strong upside via interior cosmetics, windows, HVAC upgrade

  • Perfect for Buy & Hold, BRRRR, Section 8, or rental repositioning in Memphis

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