509 SIMPSON AVE, Memphis, TN 38106

$125,900 Asking Price

8 beds
3 baths
Built in 1942

Great Opportunity for Investors with this Gem near Stax Museum and Lemoyne Owen College. This 2 story house could be used as a Rooming House or Housing for college students with 8 separate nice size rooms and 3 Full Bathrooms. Includes Eat in Kitchen area and Laundry Room. Maybe minor cosmetic work needed. Lot for sale next to property with same owner. House is occupied please do not disturb tenants. Owner / Agent

Features & Amenities

Interior

Rooms:
8
Flooring:
Tile
A/C:
Central
Heating:
Central

Exterior

General:
Wood/Composition, Porch
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 0

Construction

General:
2

Location

County:
South Memphis/61 Hwy

This listing courtesy of:
RP Newman Realty LLC

About Memphis, TN

Housing

Number of Units
296,697
Median Home Value
$154,311
Median Rent
$742

52.07% of housing units are renter occupied.

10.48% are vacant.

Commute

Car
82.14%
Public Transportation
1.16%
Walk to Work
1.09%
Work from Home
14.58%
Other
0.84%

The median travel time to work is 21 minutes.

People

Population
676,522
Median Age
35.70
Median Household Size
2.54

Education

High School
30.26%
Associate’s Degree
6.19%
Bachelor’s Degree
15.99%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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