511 CAMBRIDGE AVE, Memphis, TN 38106
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Carla Faye Torkelson

Carla Faye Torkelson

+1(901) 233-2284
$ 59,900
Est. payment | /mo

3 Beds

2 Baths

Save
$ 59,900
Est. payment | /mo
Save

3 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Subdivision Tindall

MLS Listing ID 10230871

Style Traditional

Bedrooms 3

Full Baths 2

Year Built 2007

Annual Tax Amount $747

Property Sub-Type Detached Single Family

Property Description

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

Location

State TN

County Shelby

Area South Memphis/61 Hwy

Rooms

Master Bedroom 0

Dining Room 0

Kitchen Separate Living Room

Interior

Heating Central

Cooling Central

Flooring Other (See REMARKS)

Exterior

Exterior Feature Brick Veneer

Parking Features Driveway/Pad

Pool None

Roof Type Composition Shingles

Private Pool Yes

Building

Lot Description Level

Story 1

Foundation Slab

Others

Miscellaneous Wrought Iron Security Drs

Listed by Caleb Parr • Renshaw Company, REALTORS

Nearby Locations

Carla Faye Torkelson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(901) 233-2284

sell@carlafayeteam.com

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511 CAMBRIDGE AVE