505 ELMFIELD ST, Memphis, TN 38127

$96,000 Asking Price

3 beds
2 baths
Built in 1987

Looking for an immediate ROI? This tenant occupied property gives you just that. Currently rented through 5/2025. This property is currently professionally managed and rent rolls are available upon request. Lots of room to increase rent at renewal time based on zillow estimates to $1126. Please do not disturb the tenant. No wholesale or creative financing offers. No showings without an accepted offer.

Features & Amenities

Interior

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

Exterior

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

Construction

General:
1

Location

County:
Northaven

Lot

Zoning:
D0134 P00038

This listing courtesy of:
The Home Partners Realty

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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