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+19018339734
Legendary Realty
4355 Melwood St, Memphis, TN 38109
- $80,000
- 3
- BD
- 1
- BA
- Sold Price
- $80,000
- List Price
- $82,500
- Status
- CLOSED
- MLS#
- 10216933
- Closing Date
- Jun 23, 2026
- Bedrooms
- 3
- Bathrooms
- 1
- Lot Size
- 60X115
Property Description
This property is leased at $995 per month ($11,940 annually) through 03/02/2028, with a cash-on-cash return of 12.87% and a monthly cash flow of $290.91. "All investment figures are estimates and verified independently by buyer." Turnkey investment opportunity featuring a well-maintained brick home designed for dependable, long-term performance. The property offers hard-surface flooring throughout, a bright living area, an updated kitchen with shaker-style cabinetry, central heat and air, and a spacious fenced backyard that enhances resident appeal. Recent improvements and durable finishes help minimize future turn costs, while the functional floor plan supports strong rental demand. With solid curb appeal and a clean, well-kept condition, this is an excellent addition to any portfolio seeking stability, efficiency, and consistent cash-flow potential. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Additional Information
- Acres
- 0.15
- Annual City Tax
- 471
- Annual County Tax
- 491
- Cooling
- Central
- Exterior
- Porch
- Exterior Windows
- Other (See Remarks)
- Floors Ceilings
- Hardwood Throughout
- Heating
- Central
- Legal Subdivision
- Chickasaw Village 2nd Addn
- Living Dining Kitchen
- Separate Living Room, Separate Dining Room
- Lot
- 38
- Lot Description
- Level
- Lot Size
- 60X115
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Stories
- 1
- Style
- Traditional
- Subdivision
- CHICKASAW VILLAGE 2ND ADD
- Subtype
- Detached Single Family
- Year Built
- 1952
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Listing courtesy of Foundation Property Management. Selling Office: CrestCore Realty MphsBrokerage.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.