Great property located in the desirable 38117 zip code. This part of Colonial Acres is very popular with first time home buyers and renters! Location is near the expressway and numerous employment opportunities in East Memphis. This is a rare opportunity to own an investment property in this neighborhood! Rehab included in purchase price: $14,600*Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. *All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
