On Market

222 T.M. Henderson Ave

Memphis, TN 38107, USA

List price

$124,900

4

beds

1

baths

1,282

sq ft

Single family

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Story

I have a fully renovated, turnkey investment property available for sale in Memphis, located at 222 TM Henderson Ave, Memphis, TN 38107. The property is currently rented to a Section 8 tenant, offering immediate cash flow with no renovation or tenant sourcing required. Property Details: - Asking Price: $129,000 - Specs: 4 Bedrooms | 2 Bathrooms | 1,282 Sq Ft - Section 8 Rent: $1,300/month - Annual Gross Rent: $15,600 To sweeten the deal, I am offering the buyer: - 2% toward closing costs - One year of free property management fees with the company of their choice - A one-year guarantee on completed repairs

Property details

19 details the seller has shared

19 details

Property

· The bones — what the buyer sees first

Bedrooms

4

Full baths

1

Finished sq ft

1,282 sq ft

Above-grade sq ft

1,282 sq ft

Stories

1

Property type

Single family

Occupancy

Tenant-occupied

Condition (1–5)

5

County

Shelby

Financials

· What it earns and what it costs to hold

Monthly rent

$1,300 /mo

Annual property tax

$724 /yr

Annual insurance

$850 /yr

Monthly HOA fee

$9 /mo

Cash-on-cash return

10%

Features

· Comfort, climate, and curb appeal

Heating

Heat Pump

Cooling

Central AC

Parking

Driveway

Foundation

Crawlspace

History & terms

· Past sales, updates, and deal mechanics

Reason for sale

Other

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