1907 Kingsley Ave Memphis, TN 38127
PRICED AT $86,000
Listing Details
- $86,000
- MLS# 10218251
- Type Residential - Single Family
- Status Active
- 3 Bedrooms
- 1 full 1 partial Bathrooms
- 0.290 acres Lot Size
- 1957 Year Built
Description
Turnkey investment opportunity with tenant in place paying $895/month ($10,740 annually), providing immediate cash flow. Estimated monthly cash flow of $172.85 with a projected 7.41% cash-on-cash return. Professionally managed 3BR/1.5BA ranch built in 1957 featuring ~1,046 sq ft of living space, hardwood flooring throughout, a carport, and a spacious ~0.29-acre lot in the Frayser neighborhood. Property underwent a full rehab in December 2024 and includes a 2-ton condenser installed 04/2025 and a 2-year-old water heater, offering improved system reliability and reduced maintenance concerns. Strong rental demand area with stable in-place tenancy...read more
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