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4355 MELWOOD ST Memphis, TN 38109
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Key Details
Sold Price $80,000
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chickasaw Village 2Nd Addn
MLS Listing ID 10216933
Sold Date 06/23/26
Style Traditional
Bedrooms 3
Full Baths 1
Year Built 1952
Annual Tax Amount $962
Lot Size 6,534 Sqft
Property Sub-Type Detached Single Family
Property Description
This property is leased at $995 per month ($11,940 annually) through 03/02/2028, with a cash-on-cash return of 12.87% and a monthly cash flow of $290.91. "All investment figures are estimates and verified independently by buyer." Turnkey investment opportunity featuring a well-maintained brick home designed for dependable, long-term performance. The property offers hard-surface flooring throughout, a bright living area, an updated kitchen with shaker-style cabinetry, central heat and air, and a spacious fenced backyard that enhances resident appeal. Recent improvements and durable finishes help minimize future turn costs, while the functional floor plan supports strong rental demand. With solid curb appeal and a clean, well-kept condition, this is an excellent addition to any portfolio seeking stability, efficiency, and consistent cash-flow potential. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Location
State TN
County Shelby
Area Coro Lake
Rooms
Master Bedroom 14x17
Dining Room 0x0
Kitchen Separate Dining Room, Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Hardwood Throughout
Exterior
Exterior Feature Other (See Remarks)
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 1
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Dean Harris • CrestCore Realty MphsBrokerage
NEARBY SCHOOLS & BUSINESSES
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