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2312 Wellons Ave, Memphis, TN, 38127

2beds
1baths
1,188sqft
$174,800
$147price/sqft
$1,567/moest. monthly cost
$62,680/yrincome needed

About This Home

This beautiful brick 3-bedroom 1 bath Frayser neighborhood home is being offered together with five other income producing single-family homes. This is a pristine opportunity for a new investor to enter into the Rental / Investment real estate space or a "bundle deal" for a seasoned investor - Steady Income and Great Returns! The home is currently vacant and in need of mid-level rehab for no deferred maintenance. Owner has professional contractors available to complete rehab for "hands-off" investment! Other homes are 967 Maria, 973 Maria, 1185 Wrenwood, (Memphis TN), 2184 Ashland (Southaven, MS), 6467 Tulane (Horn Lake, MS) (three of the six homes are tenant occupied with long-term tenants - day one cashflow in place)! $1,050,000.00 (PRICE UPDATED for bundle!). Owner willing to rehab and sale to Owner Occupants separately as well! We specialize in investment properties and have other opportunities available! DO NOT Disturb Tenants. No inspections without contract.

Getting Around

7
WalkingCar-Dependent
21
TransitMinimal Transit
28
BikeSomewhat Bikeable

Schools

5/10
Hawkins Mill Elementary SchoolGrades PK-50.4 mi
6/10
Georgian Hills Junior High SchoolGrades 6-80.6 mi
3/10
Trezevant High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1961

Materials

  • Foundation: Slab
  • Roof: Composition Shingles

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedroom2

  • Features: Hardwood Floor

Bedroom3

  • Features: Hardwood Floor

Bedroom4

  • Features: Hardwood Floor

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Den

  • Area: 168

Dining Room

  • Area: 100

Features

  • All Bedrooms Down,Primary Down,Full Bath Down,1 Bath,2nd Bedroom,3rd Bedroom,Den/Great Room,Dining Room,Kitchen,Living Room,Primary Bedroom,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Window features: Wood Frames
  • Flooring: Hardwood,Tile

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Window Unit(s)

Interior Area

  • Total interior livable area: 1,188 sqft

Kitchen

  • Features: Eat-in Kitchen,Washer/Dryer Connections

Living Room

  • Area: 168

Master Bathroom

  • Features: Full Bath

Master Bedroom

  • Features: Tile Floor
  • Level: First
  • Area: 100

Property

Details

  • Parcel number: 071048 00125

Features

  • Stories: 1
  • Pool features: None
  • Exterior features: Other (See REMARKS)

Lot

  • Lot size: 0.30 Acres
  • Features: Corner Lot
  • Lot size dimensions: 116 x 117

Parking

  • Total spaces: 2
  • Parking features: Driveway/Pad
  • Covered spaces: 2
  • Has uncovered spaces: Yes