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799 Cherokee Ave, Memphis, TN 38106

$55,000
  • 799 Cherokee Ave, Memphis, TN 38106 Main Photo

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Active
BEDS3 BATHS1 full MLS#10221846
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONLOUIS MILLERS CHEROKEE AVE NEIGHBORHOODSouth Memphis-61 Hwy

Property Description

Property is boarded up, agent will need to bring a drill to remove boards. Property needs TLC and is being sold AS IS. Seller will not connect utilities. This property has a projected monthly rent of $1,075 ($12,900 annually), an estimated cash-on-cash return of 31.05%, and an expected monthly cash flow of $523.94. "all investment figures are estimates and verified independently by buyer" Great investment opportunity with strong rental or resale potential. This well-maintained 3-bedroom, 1-bath home offers ~1,131 SF with hard-surface flooring, a bright living area, and an updated kitchen with shaker-style cabinetry. Features include central heat and air, a functional layout, patio space, and a large fenced backyard. Clean, updated finishes and solid curb appeal make this a turnkey addition to any portfolio. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE

799 Cherokee Ave | MLS# 10221846

This single family home located at 799 Cherokee Ave, Memphis, TN 38106 is currently listed for sale with an asking price of $55,000. This property was built in 1958 and has 3 bedrooms and 1 full baths. Cherokee Ave is located in the LOUIS MILLERS CHEROKEE AVE subdivision. Search LOUIS MILLERS CHEROKEE AVE real estate on www.clhomes.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.17 Acres
Year Built: 1958

Feature Descriptions

Bed and Bath: All Bedrooms Down
Days on Site: 35
Exterior: Patio
Exterior/ Windows: Wood/Composition
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Living Room, Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 6

Listed By / Shown By

Listed By

Agency Name: Foundation Property Management

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

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Source: MAAR MLS

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Estimated Payment

$ 138.45 per month $122.41 Principal & Interest $0.00 Property Tax (data not provided by mls) $16.04 Homeowner's Insurance

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