3520 Faxon Ave, Memphis, TN, 38122

USD 264,900
For Sale

Property Details

Bedrooms

5

Property Type

Single Family

Description

Property Details: • Type: Single Family • Bedrooms: 5 • Bathrooms: 0 • Square Feet: [object Object]

Description: High-yield triplex on a rare ~½ acre lot in good location with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,950/month with room to increase to ~$3,100+ and additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. Property includes a 2BR/2BA main unit with central HVAC, 1BR/1BA upstairs unit, and a renovated 2BR/1BA guest house, plus garage with storage. Recent improvements include exterior paint, newer double pain windows, roof on rear unit, and many interior updates. All units have their own laundry & all appliances a

Location

Address

3520 Faxon Ave, Memphis, TN, 38122

City

Memphis

Features and Finishes

Year Built: 1920; [object Object]; [object Object]; [object Object]

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