511 Cambridge Ave, Memphis, TN 38106
- $59,900
- 3
- BD
- 2
- BA
- List Price
- $59,900
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 10230871
- Style
- Traditional
- Year Built
- 2007
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 36X140
- Subdivision
- TINDALL
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
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Additional Information
- Property Description
- Traditional
- Heating
- Central
- Air Conditioning
- Central
- Exterior Features
- Wrought Iron Security Drs
- Stories
- 1
- Roof
- Composition Shingles
- Foundation
- Slab
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Listing courtesy of Renshaw Company, REALTORS.
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