Seller Financing - Lease to Own
Address
2506 DERBYSHIRE AVE Memphis, TN
Price
$ 55,400
Property Attributes
  • MLS#10089611
  • TypePending
  • CountySHELBY
  • CityMemphis
  • AreaFrayser - North
  • NeighborhoodST ELMO 7TH ADD
  • Zip38127
  • StyleTraditional
  • Year Built1998
  • Taxes1004
  • Price$ 55,400
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage1200
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Foundation Property Management
Property Description

Great investment opportunity with a rare BRRRR strategy potential! This 3 bed 1.5 bath home needs some TLC but will make a great cashflow property. Professionally managed with renovations crews available. Market rent for this property ranges from $800-$875 after renovations. Roof is in good condition, mostly brick home, located near Nike and Amazon. Owner financing available! Home is vacant and ready for a medium sized renovation to make it rent ready.

Price History
11/29/2020 Listed $50,000

General Features

Area 725D
Beds 3
City Memphis
Class Residential
Cooling Central
Full Baths 1
Half Baths 1
Heating Central
Legal Subdivision Name ST ELMO 7TH ADDN REV SEC B
Listing Area Frayser - North
Neighborhood Association None
Roof Composition Shingles
Service Type Full Service Listing
Status Pending
Status Pending
Stories 1
Style Traditional
Type Detached Single Family
Year Built 1998

Interior Features

Bedroom 2 Description Level 1
Bedroom 3 Description Level 1
Downstairs Bedrooms 3
Floors/ceilings Part Hardwood, Part Carpet
Heated SqFt 1200-1399
Living Room Separate Living Room, Eat-In Kitchen
Master Bedroom Level 1
Number of Rooms 5

Exterior Features

Exterior/windows Brick Veneer
Foundation Slab
Lot Description Other (See Remarks)
Lot Size 59X120
Misc. Exterior Other (See REMARKS)
Parking/storage Other (See REMARKS)
Pool Y/N None
Water & Sewer Public Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 38127

Price
AVG $80K
$60K
Taxes
AVG $951
$1,004
Visits
AVG 32
50
Year Built
AVG 1963
1998

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.