Lisa Harris
BEDS3
BATHS1 full
MLS#10218074
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONFRAYSER MANOR
NEIGHBORHOODFrayser-Whitney
Property Description
Turnkey investment opportunity with strong projected rental potential at an estimated $675/month ($8,100 annually), offering immediate upside for investors. Estimated monthly cash flow of $211.40 with a projected 14.29% cash-on-cash return (pro forma). INVESTORS?this is a value-add opportunity! This vacant 3BR/1BA home features a spacious living area, galley kitchen, and generously sized backyard. Property includes a 1-year-old AC system, 1-year-old heating system, and a 1-year-old water heater, reducing near-term maintenance concerns. Property requires TLC and is being sold AS-IS, making it ideal for renovation, repositioning, or portfolio expansion. VACANT PROPERTY ? Easy to show. No wholesalers, assignments, or creative financing. Financials available upon request.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.32 Acres
Year Built: 1954
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 58
Exterior: Porch
Floors/ Ceilings: Part Hardwood, Tile
Living/ Dining Room: Eat-In Kitchen
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 5
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Lisa Harris
Agent Phone: (901) 870-6362
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 113.28 per month $100.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $13.13 Homeowner's InsuranceChange Payment Information
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1211 Canfield Ave | MLS# 10218074
This single family home located at 1211 Canfield Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $45,000. This property was built in 1954 and has 3 bedrooms and 1 full baths. Canfield Ave is located in the FRAYSER MANOR subdivision. Search FRAYSER MANOR real estate on lisaharris.crye-leike.com today.