If you’re looking for a profitable investment property in Tennessee, this is your opportunity. This single-family home is currently rented for $995 per month, with the rent increasing to $1,075 per month starting July 1st. The property is professionally managed, and the lease will expire/renew on June 30th, 2023. The current tenant moved in on June 26th, 2020.
This investment property has been recently renovated in April 2020, including a brand new roof, AC, furnace, A-coil, and water heater. This means that the new owner will not have to worry about any significant repairs or maintenance for years to come. The tenant is current and has an excellent payment history, with lease, ledger, and maintenance records available upon request.
The property is located in a great neighborhood, and the tenant is responsible for all utilities and lawn maintenance, making this an easy and low-risk investment opportunity. The property is also conveniently located near schools, shops, and restaurants, making it an attractive option for potential tenants.
If you’re interested in purchasing this investment property, please note that showings are only available with an accepted offer. The current tenant’s privacy must be respected, and no one should disturb them. This is a great opportunity for investors looking for a profitable rental property in Tennessee.
In conclusion, this Tennessee investment property for sale is a rare opportunity for investors to own a profitable rental property in a great location. With a current tenant, recent renovations, and a professional management company, this property is a low-risk investment opportunity. Don’t miss your chance to own this property – make an offer today!
3368 E ROSITA, Memphis, TN 38116