565 Hemsley Ave Memphis, TN 38109
PRICED AT $199,500
Listing Details
- $199,500
- MLS# 10219466
- Type Residential - Single Family
- Status Active
- 4 Bedrooms
- 2 full Bathrooms
- 0.170 acres Lot Size
- 2024 Year Built
Description
Turnkey investment opportunity with tenant in place paying $1,800/month through 12/26/2026, generating $21,600 in annual gross rental income. Estimated monthly cash flow of $225.54 with a projected 4.80% cash-on-cash return. Professionally managed and stabilized asset offering immediate income. Tenant-occupied 4-bedroom, 2-bath home featuring major capital improvements including a 2-year-old roof, condenser, furnace, and water heater, helping minimize maintenance costs. Functional layout, spacious lot, and convenient location near schools, shopping, and major roadways support strong long-term rental demand. No wholesalers, assignments,...read more
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