11
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$130,000
Est. payment /mo
4 Beds
2 Baths
0.32 Acres Lot
Active
194 E BISCAYNE RD Memphis, TN 38109
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Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision Barton Heights 1St Addn
MLS Listing ID 10224807
Style Traditional
Bedrooms 4
Full Baths 2
Year Built 1956
Annual Tax Amount $789
Lot Size 0.320 Acres
Property Sub-Type Detached Single Family
Property Description
Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.
Location
State TN
County Shelby
Area Whitehaven/Graves
Rooms
Master Bedroom 12x10
Dining Room 10x10
Kitchen Eat-In Kitchen, Vinyl/Luxury Vinyl Floor
Interior
Heating Wall Unit
Cooling No Cooling
Flooring Vinyl/Luxury Vinyl Floor
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad, On-Street Parking
Pool None
Private Pool Yes
Building
Lot Description Wooded
Story 1
Others
Miscellaneous Porch
Listed by Alissa G Anderson • KAIZEN Realty, LLC
NEARBY SCHOOL & BUSINESS
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