1561 PRESTON ST, Memphis, TN 38106

$66,500 Asking Price

3 beds
1 bath
Built in 1997

Investors! Welcome to a lovely 3 Bed/1 Bath rental that is cash flowing at $850 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease runs through September 2024, so don't miss this opportunity to expand your portfolio!

Features & Amenities

Interior

Rooms:
5
Appliances:
Range/Oven
Flooring:
Wood Laminate Floors
A/C:
Central
Heating:
Central

Exterior

General:
Vinyl Siding, Storage
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 0

Construction

General:
1

Location

County:
South Memphis/61 Hwy

Lot

Zoning:
034013 00008

Financial

Buyers Agent Compensation:
3 Percent

This listing courtesy of:
Sowell, 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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