1880 Lyndale Ave

Memphis, TN 38107
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3 bd, 2 ba | 2,042 sqft | Built in 1922

For Sale

Exclusive

List Price
$325,000

Initial Investment

$88,563

$

about the purchase process.
Features

Occupancy

Vacant

Lot Size

7,500

HOA

None

Flood Risk

Not Required

  • Get more insight into this market here
  • Vacant 2-story unit has been renovated with new roof and interior paint (currently rent ready)
  • Quiet historic neighborhood located minutes away from Rhodes College and the Memphis Zoo
  • Three (3) bedrooms, One (1) bonus room / 2-Baths
  • Perfect for family rental or student housing (1-student per room; 4 students total)
  • New Roof Installed (2021)
See more in Analysis

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Annual Financial Highlights

Expected Rent

$21,432

Expenses

-$5,201

Property Taxes

-$4,200

Loan Payments

-$13,964

Net Cash Flow

-$1,934

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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