2562 ST ELMO AVE, Memphis, TN 38127

$115,000 Asking Price

3 beds
2 baths
Built in 1968

RENTED FOR $1150 PERMONTH - Really great 3 bedroom, 2 bath property. Long Term Tenant in soaring rental market. Current Market value $132,000, sold as is. Excellent addition to your portfolio, listing based on 1% investment rule. Home was beautifully remodeled and well maintained by long term tenant. Large ½ Acre lot, formal living and dining, fully remodeled kitchen and baths, hardwood floors and tile. Do not miss out on this cash-flowing opportunity!

Features & Amenities

Interior

Rooms:
6
Flooring:
Part Hardwood,Wood Laminate Floors,Tile
A/C:
Central
Heating:
Central
Fireplace:
Fireplaces: 1

Exterior

General:
Brick Veneer, Wood Fence,Other (See REMARKS)
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 2

Construction

General:
1, Slab

Location

County:
Frayser - North

Lot

Zoning:
071049 00005

This listing courtesy of:
The Stamps Real Estate Company

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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