Memphis Real Estate Investing

4 min read

Beautiful Memphis Investment Property - 4555 Addington, Memphis, TN.

Sat, Nov 6, 2010

Memphis Investment Property!!

4555 Addington, Memphis, TN 38128

Location: Raleigh

How often can you purchase a 15 year old Memphis Investment Property AND rehab it all for less than $55,000? This is a great opportunity for such a thing! With three bedrooms, two bath, brick exterior, central heat and air, great location in the northern part of Memphis, this property offers a great ROI of potentially 22%+. Priced at only $42.60 per square foot, this relatively new home is practically being given away! Located just down the street from area schools, this house should always have a high rental demand meaning POSITIVE, MONTHLY CASH FLOW for a Memphis real estate investor!

Repairs to this property include: landscape work, fresh interior paint, new carpet, new tile flooring, kitchen and bath remodel, service all systems, and a house cleaning.

Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.
 

Contact Information

 
Price: $40,900
Estimated Rent: $550-$650
Annual Taxes: $1,181.57
Price Per Sq Ft: $42.60
Potential ROI: 22.08%
Zillow: $53,500
Previous Sale: $56,000 12/28/1994
Tax Assessed: $65,500
Rehab: $11,000
 

Property Location

4555 Addington
Memphis, TN 38128
View Map
 

Links

 

Features

Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway
Year Built: 1994
Lot Size: .13
Square Footage: 960
 
Agent Name: Brett Clothier
Broker: Brett Clothier
Owner Agent: Yes
 

Attributes

Appliances
Range/Oven
Dishwasher
Interior Amenities
Attic
Exterior Amenities
Patio
Grass Lawn
Photo Gallery

All information in this site is deemed reliable but is not guaranteed and is subject to change. Total potential Return of Investment (ROI) is based on calculations of external data and is subject to

Chris Clothier
Written by Chris Clothier

Entrepreneur, writer, speaker, ultra-endurance athlete, husband & father of five beautiful children. Chris puts these natural talents on display every day. As a partner at Memphis Invest, Chris addresses small and large audiences of real estate investors and business professionals nationwide several times each year. Chris is also an active writer, weekly publishing real estate, leadership, and endurance training articles.

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