3244 Edgeware Rd S

Memphis, TN 38118
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4 bd, 1 ba | 1,245 sqft | Built in 1956

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For Sale

Exclusive

Open House   01h : 16m : 03s

Open House Price
$144,000

Initial Investment

$43,176
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Vacancy Protection

Yes

Lease Start

05/19/2022

Lease End

05/01/2023

Lot Size

11,773

HOA

None

Flood Risk

Not Required

  • 4 bedroom / 1 bath
  • Attractive cap rate and cash flow
  • Fully remodeled home with new AC, water heater, electric system, roof, tile flooring, windows, doors, and sheet rock
  • Seller will not be making repairs or other physical changes to the property but may be open to negotiating other offer terms. All condition details can be found in the inspection report under the "Analysis" tab
  • AS-IS sale
  • Located close to schools, restaurants, parks, and Memphis International Airport
  • Get more insight into this market here
See more in Analysis

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,938

Property Taxes

-$2,000

Loan Payments

-$6,187

Net Cash Flow

$3,265

See more in Financials

Property Characteristics

Open House

Open House is a 24-hour period that allows you to make an offer and start negotiating early. This is a new or previously listed property on the marketplace that has been listed while the certification process is being completed. When you make an offer, the seller will respond within 24 hours of the Open House period ending.
  • Access our newest listings: Be the first to view new listings that have just hit our marketplace. These properties will be open to bidding during the 24-hour Open House period.
  • Engage sooner with sellers: Get a leg up on the competition. Open House allows you submit your bid ahead of other marketplace investors and quickly get a response.
  • Tip - Make your bid more competitive: Submitting an offer above the suggested offer price can increase your chances of being accepted by the seller, especially if there are other investors interested in the property.

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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