Turnkey investment opportunity with tenant in place paying $995/month ($11,940 annually). Estimated cash flow of $290.91/month with a projected 12.87% cash-on-cash return. Professionally managed and ideal for investors seeking immediate income. 4355 Melwood Street features 3 bedrooms, 1 bath, hard surface flooring throughout, central heat and air, updated shaker-style kitchen cabinets, range and vent-a-hood, and a large fenced backyard. Low-maintenance finishes and strong tenant appeal support long-term stability. Tenant occupied?lease details available upon request. Financials available upon request. NO WHOLSALERS, ASSIGNMENTS, OR CREATIVE FINANCING. DO NOT APPROACH OR DISTURB TENANTS. NO SHOWINGS WITHOUT AN ACCEPTED OFFER.
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Molly Stevens
Agent Phone: (901) 672-4402
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 207.67 per month $183.61 Principal & Interest $0.00 Property Tax (data not provided by mls) $24.06 Homeowner's Insurance
4355 Melwood St | MLS# 10216933
This single family home located at 4355 Melwood St, Memphis, TN 38109 is currently listed for sale with an asking price of $82,500. This property was built in 1952 and has 3 bedrooms and 1 full baths. Melwood St is located in the CHICKASAW VILLAGE 2ND ADD subdivision. Search CHICKASAW VILLAGE 2ND ADD real estate on mollystevens.crye-leike.com today.