$55,000
Est. payment /mo
3 Beds
1 Bath
7,405 Sqft Lot
Active
799 CHEROKEE AVE Memphis, TN 38106
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision Louis Millers Cherokee Ave Of Lot 11 Bl
MLS Listing ID 10221846
Style Traditional
Bedrooms 3
Full Baths 1
Year Built 1958
Annual Tax Amount $321
Lot Size 7,405 Sqft
Property Sub-Type Detached Single Family
Property Description
Turnkey investment opportunity with projected rent of $1,075/month ($12,900 annually). Estimated monthly cash flow of $530.79 with a projected 31.45% cash-on-cash return. Professionally managed and ready for your next tenant. 799 Cherokee Ave features hard surface flooring throughout, a bright living area, upgraded kitchen with shaker cabinets, central heat and air, and a large fenced backyard. Strong rental appeal with durable, low-maintenance features. Property needs TLC and is being sold AS IS. Seller will not connect utilities. NO WHOLESALERS, ASSIGNMENTS, OR CREATIVE FINANCING.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Rooms
Master Bedroom 0x0
Dining Room 0x0
Kitchen Separate Dining Room, Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Hardwood Throughout
Exterior
Exterior Feature Wood/Composition
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 1
Others
Miscellaneous Patio
Listed by James C Wachob • Foundation Property Management
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION