988 Michael Cv, Memphis, TN, 38116
3beds
2baths
1,366sqft
$79,000
$58price/sqft
$751/moest. monthly cost
$30,040/yrincome needed
About This Home
Opportunity knocks with this income-producing property priced well below market value due to the repairs and updates needed. Being sold AS IS this 3-bedroom, 1.5-bath home already has a long-term tenant in place, offering immediate cash flow from day one. Currently rented at $950/month, the tenant has occupied the property since March 2015 and is currently on a month-to-month lease with a strong rental payment history. With some improvements and vision, this property could be a solid investment.
Getting Around
42
Car-Dependent24
Minimal Transit36
Somewhat BikeableSchools
6/10
6/10
4/10
Construction
Condition
- Year built: 1951
Materials
- Roof: Composition Shingles
- Construction materials: Wood/Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedroom2
- Area: 143
Bedroom3
- Area: 121
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Den
- Area: 220
Dining Room
- Features: Separate Dining Room
- Area: 96
Features
- All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,366 sqft
Living Room
- Features: Separate Living Room
- Area: 180
Master Bedroom
- Area: 120
Property
Details
- Parcel number: 077030 00020
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 0.57 Acres
- Features: Level,Some Trees
- Lot size dimensions: 52 x 193
Parking
- Total spaces: 1
- Parking features: Garage Faces Front
- Has garage: Yes
- Covered spaces: 1