If you’re an investor looking for a great investment opportunity in Tennessee, this property for sale may just be what you’re looking for. Located in a quiet neighborhood, this single family home is currently rented out for $995 a month, with the rent set to increase to $1,075 a month starting July 1. The property is professionally managed, ensuring that the tenant’s needs are taken care of promptly, and the lease is set to expire/renew on June 30, 2023.
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The current tenant has been living in the property since June 26, 2020, and has an excellent payment history, making them a reliable source of income for any potential investor. The property has undergone renovations in April 2020, which includes a brand new roof, AC, furnace, A-coil, and water heater, ensuring that the property is in good condition and will require minimal maintenance.
To protect the tenant’s privacy and comfort, showings are only available with an accepted offer. However, lease, ledger, and maintenance records are available upon request, allowing potential investors to see the financial and maintenance history of the property.
Investing in rental properties is a great way to generate passive income, and this property for sale in Tennessee is a great opportunity for any investor looking to expand their portfolio. With a reliable tenant, professional management, and recent renovations, this property is a low-risk investment with high potential returns. So, if you’re an investor looking for a great opportunity, don’t hesitate to consider this Tennessee investment property for sale.
3368 E ROSITA, Memphis, TN 38116