BEDS4
BATHS2 full
MLS#10220330
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCOLONIAL ACRES
Property Description
ATTENTION INVESTORS!! Professionally managed in-house, turnkey income-producing asset with tenant in place. Leased at $2,100/month, generating $357.43/month in cash flow through 4/30/2028 with a 5.61% cash-on-cash return. Financials available upon request. Major updates include a newer roof, new 4-ton HVAC system, new water heater, renovated kitchen with quartz countertops and new cabinetry, updated bathrooms, refinished hardwoods, LVP flooring, fresh interior/exterior paint, smart locks, new fencing, and landscaping. Spacious 4BR/2BA with strong rental appeal, tenant stability, and long-term value. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent
Property Features
Property Type: Residential - Single Family
Cooling: Central
Garage: 1
Heating: Central
Home Style: Traditional
Lot Size: 0.20 Acres
Year Built: 1952
Feature Descriptions
Bed and Bath: All Bedrooms Down, Vinyl/Luxury Vinyl Floor
Days on Site: 34
Exterior: Porch
Exterior/ Windows: Brick Veneer
Floors/ Ceilings: Tile, Vinyl/Luxury Vinyl Floor
Living/ Dining Room: Separate Living Room, Separate Dining Room, Washer/Dryer Connections, Vinyl/Luxury Vinyl Floor
Lot: Level
Parking/ Storage: Driveway/Pad, Back-Load Garage
Total Rooms: 8
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agency Title: Local Agency Realty Group
Agency Phone: 662-253-0808
Estimate Your Payment
Estimated Payment
$ 1,673.88 per month $1,592.24 Principal & Interest $0.00 Property Tax (data not provided by mls) $81.64 Homeowner's Insurance
1416 Marcia Rd | MLS# 10220330
This single family home located at 1416 Marcia Rd, Memphis, TN 38117 is currently listed for sale with an asking price of $279,900. This property was built in 1952 and has 4 bedrooms and 2 full baths. Marcia Rd is located in the COLONIAL ACRES subdivision. Search COLONIAL ACRES real estate on www.localagencyrealty.com today.