2720 Higbee Ave

Memphis, TN 38111
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4 bd, 3 ba | 2,813 sqft | Built in 1947

For Sale

Exclusive

List Price
$430,000

Initial Investment

$117,175

$

about the purchase process.
Features

Occupancy

Vacant

Property Type

Duplex

Lot Size

12,492

HOA

None

Flood Risk

Not Required

  • Located in Humes Heights Neighborhood near Christian Bros. University and Chickasaw Gardens
  • Minutes from the trendy Cooper-Young and Midtown neighborhoods, and less than one mile from the Liberty Bowl, Children’s Museum and Pink Palace Museum.
  • Duplex with 2 units, plus detached Guest House.
  • Front Unit and Detached Guest House are functioning as AirBnB short-term rentals and will be delivered vacant upon sale.
  • Front Unit and detached Guest House comes fully furnished (short-term rental ready).
  • Rear Unit is occupied with a long-term tenant.
See more in Analysis

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Annual Financial Highlights

Expected Rent

$34,029

Expenses

-$7,852

Property Taxes

-$5,900

Loan Payments

-$18,476

Net Cash Flow

$1,801

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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