About This Home
This 3-bedroom, 2-bathroom single family at 511 CAMBRIDGE Ave in Memphis, TN is listed for $59,900 ($57 per sqft). Built in 2007, the home offers 1,050 sqft of living space on a N/A lot.
Key Features
- Built in 2007
Property Details
Amenities
Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one - no vacancy period, no lease-up risk.
Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted - sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing
Monthly Cost Estimate
$320/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
511 CAMBRIDGE Ave
Memphis, TN 38106
Tindall
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom single family at 511 CAMBRIDGE Ave is listed at $59,900 ($57/sqft). The estimated monthly payment is $320 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2007. Exterior Features: Wrought Iron Security Drs.
This property is listed by Caleb Parr and can be reached at 9014840478.
