5511 EMERALD HILLS DR, Memphis, TN 38115

3 beds |
2 baths

Single-Family Home
Built in 1994
2,614sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Cashflowing investment property with new roof and some systems update. Tenant in place (Do not disturb). This 3-bedroom, 2-bathroom, 1,200 square foot home offers a strong opportunity for both new and experienced investors. The property is tenant-occupied and generating rental income of over $1,100 per month. Please do not disturb the tenant. Recent updates include a new roof and improvements to key systems, providing long-term value and reduced maintenance concerns. Annual property taxes are approximately $1,300, and the home is priced about $20,000 below market value. With stable cash flow from day one and room for equity growth, this property is well-suited for any investor looking to expand or start their portfolio.

Listing Status:: Active
Date Added:: July 3, 2025 at 12:00AM
Listing Office:: eXp Realty, LLC : 888-519-5113
MLS ID:: 10200481

Rooms: 6
Flooring: Part Carpet
A/C: Central
Heating: Central
Fireplace: Fireplaces: 1

This listing courtesy of eXp Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Compass Community School Hickory Hill Campus

3572 Emerald St, Memphis, TN, 38115

Grades KG-8

0.06 miles away

Compass Community School Hickory Hill Campus

3572 Emerald St, Memphis, TN, 38115

Grades KG-8

0.06 miles away

Power Center Academy High School

5390 Mendenhall Square Mall, Memphis, TN, 38115

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.