PROPERTY OVERVIEW
3-Bedroom, 1-Bathroom Investment Property
Fully Renovated Single-Family Home | 884 Sq Ft
This fully renovated home is a solid investment opportunity in Memphis, Tennessee. The property features 3 bedrooms and 1 bathroom with modern upgrades throughout. Perfect for buy-and-hold investors looking for steady cash flow.
QUICK FACTS
| Detail | Information |
|---|---|
| Purchase Price | $145,000 |
| Monthly Rent | $1,400 |
| Annual Gross Income | $16,800 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Square Footage | 884 sq ft |
| Status | Fully Renovated & Leased |
INVESTMENT HIGHLIGHTS
✓ Strong Monthly Cash Flow – Property is currently leased at $1,400/month
✓ Fully Renovated – Move-in ready with all updates completed
✓ Excellent Entry Point – Purchase price of $145,000 offers solid returns
✓ Immediate Income – Tenant in place; ready to generate returns
✓ Established Market – Memphis offers solid rental demand and growth potential
✓ Turnkey Investment – No rehab needed; ready to generate income immediately
WHY THIS PROPERTY?
At just $145,000 with $1,400 in monthly rental income, 3716 Ridgemont offers an excellent entry point for real estate investors. The property is fully renovated, eliminating capital expenditure concerns and providing immediate cash flow. This is an ideal addition to any investment portfolio looking for steady returns.
