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$ 80,000
Est. payment | /mo
2 Beds
1 Bath
799 SqFt
$ 80,000
Est. payment | /mo
2 Beds
1 Bath
799 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 600-799
Square Footage 799 sqft
Price per Sqft $100
Subdivision Cherry Park Condominiums
MLS Listing ID 10196660
Style Traditional
Bedrooms 2
Full Baths 1
Year Built 1950
Annual Tax Amount $521
Lot Size 5.930 Acres
Property Sub-Type Detached Single Family
Property Description
This property is leased at 865 per month (10,380 annually) through 08/16/2026, with a cash-on-cash return of 6.97% and a monthly cash flow of $153.92. "All investment figures are estimates and verified independently by buyer." This 2-bedroom, 1-bath home features original hardwood floors, central heat and air, ceiling fans, window coverings, laundry hookups, and a functional kitchen with ample cabinet and counter space. The property has been updated and shows solid overall condition with a clean, well-kept interior and durable exterior construction. Built in 1950, it offers low-maintenance appeal and strong long-term rental potential. Conveniently located near schools, parks, shopping, and major commuter routes, making it an attractive option for a wide range of tenants and future occupants. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner Financing Available
Location
State TN
County Shelby
Area Pendleton/Park
Rooms
Master Bedroom 0x0
Dining Room 0x0
Kitchen Separate Dining Room
Interior
Heating Central
Cooling Central
Flooring Part Carpet
Exterior
Exterior Feature Brick Veneer, Other (See Remarks)
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 1
Others
Miscellaneous Other (See REMARKS)
Listed by James C Wachob • Foundation Property Management
NEARBY SCHOOL & BUSINESS