Investment Overview:
194 E Biscayne Rd presents an attractive investment opportunity for buyers looking to acquire a renovated residential property in Memphis, Tennessee. Priced at $124,900, this home features 4 bedrooms, 2 bathrooms, and approximately 1,165 square feet of living space.
The property has been fully renovated and is currently vacant, giving the next owner an opportunity to prepare it for a new tenant. With an estimated monthly rental income of $1,195, the property has the potential to generate approximately $14,340 in gross annual rental income before vacancies and operating expenses.
Its four-bedroom layout, completed renovations, and accessible purchase price make it an appealing option for investors interested in rental income and long-term property ownership.
Whether you are purchasing your first rental property or expanding an existing real estate portfolio, 194 E Biscayne Rd offers an opportunity to explore the Memphis investment market.
Property Details
Property Address 194 E Biscayne Rd, Memphis, TN
Property Type House
Terms For Sale
Purchase Price $124,900
Bedrooms 4
Bathrooms 2
Square Footage 1,165 sqft
Property Condition Fully Renovated
Occupancy Status Vacant
MLS Number Leave Blank
Monthly Rent (GSI) $1,195
Annual Gross Scheduled Income (GSI) $14,340
Rental Income Overview
Monthly Rental Income $1,195
Annual Gross Rental Income $14,340
Occupancy Status Vacant
Annual gross rental income is calculated using the estimated monthly rent of $1,195 multiplied by 12 months. Actual rental income will depend on tenant placement, occupancy, and lease terms.
Investment Highlights
- Fully renovated residential property.
- Four bedrooms and two bathrooms.
- Approximately 1,165 square feet of living space.
- Currently vacant and available for a new tenant.
- Estimated monthly rental income of $1,195.
- Potential annual gross rental income of $14,340.
- Practical layout suitable for residential living.
- Attractive opportunity for long-term rental ownership.
Interested in This Property?
Interested in 194 E Biscayne Rd? Contact our team to learn more about the property’s features, renovation details, rental potential, and purchasing process.
Our team is ready to help you explore this opportunity and take the next step toward owning an investment property in Memphis.
All rental figures are estimates and are not guaranteed. Buyers should independently verify property condition, renovation details, rental estimates, insurance, operating expenses, and other relevant financial information before purchasing.