Investment Opportunity: Updated Rental Property in Memphis, TN
Address: 3931 Ajanders Dr, Memphis TN 38127
Price: $130,000
Monthly Rent: $1300
Property Overview:
Discover a lucrative investment opportunity with this updated 3-bedroom, 2-bathroom rental property in a desirable Memphis neighborhood. Featuring modern upgrades and a functional layout, this home is perfect for investors seeking a stable and profitable asset.
Key Features:
- Updated Home: Recently updated with modern finishes, including new flooring, updated kitchen and bathrooms, and contemporary fixtures.
- Spacious and Functional Layout: The property offers a generous floor plan with ample living space, ideal for attracting quality tenants.
- Turnkey Investment: Currently rented at $1,300 per month, this property delivers immediate rental income.
- Low Operating Costs: With annual property taxes of $850, insurance at $1,000, and an 8% property management fee, operating expenses are kept low.