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About This Home
This 3-bedroom, 2-bathroom single family at 1545 OAKWOOD St in Memphis, TN is listed for $115,000 ($96 per sqft). Built in 1913, the home offers 1,196 sqft of living space on a 0.13 acres lot.
Turnkey investment opportunity with immediate cash flow! This fully renovated 3-bedroom, 2-bath home is tenant occupied and currently generating $1,300 per month, offering strong returns from day one. With a list price of $115,00, and almost a 14% gross ROI, this is a great option for investors seeking solid ROI and positive cash flow.
Renovated from the studs, updates include new electrical, plumbing, HVAC, water heater, windows, and exterior siding-minimizing maintenance concerns for years to come. Interior features include luxury vinyl flooring throughout main living areas and bedrooms, with tile in the kitchen and bathrooms for durability.
The updated kitchen and bathrooms provide modern appeal that supports long-term tenant retention. This is a low-maintenance, income-producing asset ideal for both seasoned and out-of-state investors looking to expand their portfolio with confidence. Do not disturb tenant. No wholesalers/seller financing.
Key Features
- Built in 1913
- 0.13 acre lot
Property Details
Amenities
Monthly Cost Estimate
$615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1545 OAKWOOD St
Memphis, TN 38108
NORWOOD
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom single family at 1545 OAKWOOD St is listed at $115,000 ($96/sqft). The estimated monthly payment is $498 based on 20% down at 6.5% interest.
Key features include: Built in 1913, 0.13 acre lot. Interior Features: All Window Treatments. Exterior Features: Wrought Iron Security Drs, Porch, Wood Fence.
This property is listed by Mark Wilson and can be reached at 9018333844 or mcwilson@collins-maury.com.
