194 E Biscayne Rd, Memphis, TN 38109
- $130,000
- 4
- BD
- 2
- BA
- List Price
- $130,000
- Status
- ACTIVE
- MLS#
- 10224807
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 70X200
Property Description
VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.
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Additional Information
- Acres
- 0.32
- Annual City Tax
- 386
- Annual County Tax
- 403
- Bedrooms Downstairs
- 4
- Cooling
- No Cooling
- Exterior
- Porch
- Exterior Windows
- Brick Veneer
- Floors Ceilings
- Vinyl/Luxury Vinyl Floor
- Heating
- Wall Unit
- Legal Subdivision
- Barton Heights 1st Addn
- Living Dining Kitchen
- Eat-In Kitchen, Vinyl/Luxury Vinyl Floor
- Lot
- 312
- Lot Description
- Wooded
- Lot Size
- 70X200
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad, On-Street Parking
- Stories
- 1
- Style
- Traditional
- Subdivision
- BARTON HEIGHTS 1ST ADD
- Subtype
- Detached Single Family
- Year Built
- 1956
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Listing courtesy of KAIZEN Realty, LLC.
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