$59,900
Est. payment /mo
3 Beds
2 Baths
Active
511 CAMBRIDGE AVE Memphis, TN 38106
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Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision Tindall
MLS Listing ID 10230871
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 2007
Annual Tax Amount $747
Property Sub-Type Detached Single Family
Property Description
Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one — no vacancy period, no lease-up risk. Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted — sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Rooms
Master Bedroom 0
Dining Room 0
Kitchen Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Other (See REMARKS)
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Private Pool No
Building
Lot Description Level
Story 1
Foundation Slab
Others
Miscellaneous Wrought Iron Security Drs
Listed by Caleb Parr • Renshaw Company, REALTORS
NEARBY SCHOOL & BUSINESS
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