BEDS3
BATHS1 full
MLS#10218347
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONVIRGINIA HILLS
NEIGHBORHOODFrayser - East
Property Description
Turnkey investment opportunity with tenant in place paying $1,150/month ($13,800 annually), providing immediate cash flow. Estimated monthly cash flow of $267.34 with a projected 9.80% cash-on-cash return. Professionally managed 3BR/1BA home featuring a functional layout, spacious living areas, well-sized bedrooms, and a sizable yard with future value-add potential. Conveniently located near major roads, shopping, and everyday amenities, supporting strong tenant demand and long-term rental stability. Professionally managed. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer. Financials available upon request. Currently leased at $1,150/month on a month-to-month term.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Garage: 1
Heating: Central
Home Style: Traditional
Lot Size: 0.15 Acres
Year Built: 1970
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 59
Exterior: Porch
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Living Room, Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad, Back-Load Garage
Total Rooms: 6
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 264.31 per month $233.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $30.63 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1863 Willow Wood Ave | MLS# 10218347
This single family home located at 1863 Willow Wood Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $105,000. This property was built in 1970 and has 3 bedrooms and 1 full baths. Willow Wood Ave is located in the VIRGINIA HILLS subdivision. Search VIRGINIA HILLS real estate on www.crye-leike.com today.