1507 SPARKS CV, Memphis, TN 38106

$105,000 Asking Price

4 beds
1 bath
Built in 1958

Investors ideal property! Incoming producing property that is turnkey. Purchase this property with confidence. What do us investors want? A gold bar that allows good monthly return and in good condition. Home sits in a community that is a mix of long term homeowners and rental properties. Home sits in well-cared for community. Sits in a cove that is manicured with homes filled with flowers, updated, and painted homes. Professional management is already in place. Property is a healthy property that has completed a full scope work that was recommended by the management company. Scope of work included items such as fresh paint, new light fixtures, fence repair, new window locks, new flooring in kitchen and bathrooms. HVAC and plumbing have been inspected. It is a 4 bedroom home with a carport, handicap ramp, and a separate laundry room. Tenant is in place until 2025. The tenant pays double the amount of the average lease in the area.

Features & Amenities

Interior

Rooms:
7
Flooring:
Part Hardwood,Vinyl/Luxury Vinyl Floor
A/C:
Central
Heating:
Central

Exterior

General:
Aluminum/Steel Siding, Wrought Iron Security Drs
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad,Storage Room(s), Parking spaces: 1

Construction

General:
1

Location

County:
South Memphis/Glenview

Lot

Zoning:
060055 00042

This listing courtesy of:
Crye-Leike, Inc., REALTORS

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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