4182 Mountain Terrace St

Memphis, TN 38127

Part of 3 Home Portfolio || Memphis, TN

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3 bd, 2 ba | 1,070 sqft | Built in 1981

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For Sale

Exclusive

List Price
$82,000

Initial Investment

$35,406
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

05/23/2017

Lease End

05/31/2024

Lot Size

9,425

HOA

None

Flood Risk

Not Required

  • Per the inspection report dated 4/11/22, the following items were noted to repair. The items are numbered per inspection report and are pending repair:
(1) Surroundings/structural: Standing water on the south side of the house with negative grading can allow for water intrusion.
(2) Exterior: Multiple areas of wood rot and damage noted on siding and trim. One or more areas of soffit and fascia have water damage.
(3) Windows: There are window bars don’t appear to have quick release mechanism which is a safety issue.
(4) Common Areas: Possible water staining on the living room ceiling.
(5) Kitchen: Mold like substances was noted below the sink in the cabinet area. Water stain or discoloration on the ceiling. Sprayer line leaking underneath the sink.
(6) Bathroom: The shower head is leaking, tub diverter handle is leaking. This appears to be causing water to spray on the wall which will lead to damage.
(7) HVAC: Flue is corroded going up towards attic and corrosion notice inside chamber.
(8) Electrical: Blank insert cover placed in Electric panel.
  • Leased through 05/31/2024
  • Below market rent
  • Get more insight into this market here
See more in Analysis

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Annual Financial Highlights

Expected Rent

$7,353

Expenses

-$2,011

Property Taxes

-$1,200

Loan Payments

-$4,458

Net Cash Flow

-$316

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

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