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433 Dixie Rd, Memphis, TN, 38109

2beds
1baths
920sqft
$119,000
$129price/sqft
$1,106/moest. monthly cost
$44,240/yrincome needed

About This Home

ATTENTION INVESTORS!! Fully renovated, turnkey rental with long-term tenant in place. Leased at $900/month through 2/25/2028, delivering consistent cash flow of $900/month and a 5.81% cash-on-cash return. Major improvements include a new 30-year architectural roof, new HVAC condenser, upgraded electrical system (converted from fuse box), and full interior/exterior renovation. Interior upgrades feature luxury vinyl plank flooring, an updated kitchen with new countertops and fixtures, and a refreshed bathroom with new vanity and toilet. Additional enhancements include new lighting, smart locks, and exterior improvements. Low-maintenance asset positioned for stable returns and long-term portfolio growth. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

Getting Around

22
WalkingCar-Dependent
28
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

3/10
4/10
3/10
Mitchell High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1963

Materials

  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

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

Features

  • All Bedrooms Down,Other (See Remarks),Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Window features: Wood Frames
  • Flooring: Marble/Terrazzo,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 920 sqft

Kitchen

  • Features: Washer/Dryer Connections

Property

Details

  • Parcel number: 075016 00009

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Other (See REMARKS)
  • Living area range: 800-999

Lot

  • Lot size: 9,147 sqft
  • Features: Level
  • Lot size dimensions: 67 x 201

Parking

  • Parking features: Driveway/Pad,Other (See REMARKS)
  • Has uncovered spaces: Yes