3226 Forest Brook Dr

    Memphis, TN 38118
    • $53,000
    • STATUS: Closed
    • ON SITE: 219 days
    • ID#: 10022231
    Sold - 06/09/2018
    $53,000
    SOLD - 06/09/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2200-2399
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Duplex with 3 bedrooms and 2 bathrooms on EACH side!!PRICED TO SELL! Already $15k lower than anything similar -Excellent cash-flowing investment property. Price reduced $5k. Motivated seller. Undermarket Rent each side is $550/mo ($1100/mo total). Professional property management in place. This property has had over $10k in renovations, new appliances, carpet & li rent ready repairs done recently. Collect rent checks from day 1 fully occupied. 34.3% Cash on Cash return with leverage assumptions.

    Monthly Payment Calculator



    © 2018 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2018-10-18T19:03:21.477.
    www.gowallacegroup.com/homes/81490388

    3226 Forest Brook Dr Memphis, TN 38118

    • Price: $63,500
    • Status: Closed
    • Updated: 59 min ago
    • ID#: 10022231
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2200-2399
    SQFT
    $0
    $/SQFT
    1970
    Built
    Neighborhood:
    Knightwoods
    County:
    Shelby
    Area:
    Parkway Village
    Property Description
    Duplex with 3 bedrooms and 2 bathrooms on EACH side!!PRICED TO SELL! Already $15k lower than anything similar -Excellent cash-flowing investment property. Price reduced $5k. Motivated seller. Undermarket Rent each side is $550/mo ($1100/mo total). Professional property management in place. This property has had over $10k in renovations, new appliances, carpet & li rent ready repairs done recently. Collect rent checks from day 1 fully occupied. 34.3% Cash on Cash return with leverage assumptions.
    Exterior Features

    Covered Parking Spaces 0 Exterior And Windows Brick Veneer Foundation Slab Lot Description Wooded Lot Size 64X130 Misc Exterior Separate Meters Parking Driveway/Pad Parking Display 0 Pool Description None Roof Composition Shingles Style Traditional

    Interior Features

    Cooling Central Cooling Fireplaces 0 Floors And Ceilings Part HardwoodPart Carpet Heating CentralGas Hot Water Gas Misc Interior Pull Down Attic Stairs Unit1 Updated/Renovated Kit Unit1 Bedrooms 3 Unit1 Bedrooms Down 3 Unit1 Den Dimensions 0X0 Unit1 Dining Room Dimension 0X0 Unit1 Full Baths 1 Unit1 Half Baths 1 Unit1 Living Room Dimension 0X0 Unit1 Master Dimension 0X0 Unit1 Sq Ft Heated 1000-1199 Unit1 Total Baths 1.1 Unit2 Updated/Renovated Kit Unit2 Bedroom2 Dimension 0X0 Unit2 Bedroom3 Dimension 0X0 Unit2 Bedrooms 3 Unit2 Bedrooms Down 3 Unit2 Den Dimension 0X0 Unit2 Dining Room Dimension 0X0 Unit2 Full Baths 1 Unit2 Half Baths 1 Unit2 Living Room Dimension 0X0 Unit2 Master Dimension 0X0 Unit2 Sq Ft Heated 1000-1199 Unit2 Total Baths 1.1

    Property Features

    Annual City Tax 580 Annual County Tax 745 Cross Street Knight Arnold Duplex Type Built As Duplex Flood Insurance Required No Legal Subdivision Name Knightwoods Lot Number 563 New Financing ConventionalFhaVa Percent Occupancy 100 Tenants Pay All Utilities Termite Contract No Type Of Leases Year Unit1 Monthly Rent 550 Unit2 Monthly Rent 550 Warranty And Possession Addendums Possession At ClosingTenants Rights

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Reedy Group II, Llc.



    © 2018 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2018-10-18T19:03:21.477.
     
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119