115 E DEMPSTER AVE Active Save Request In-Person Tour Request Virtual Tour
Memphis,TN 38109
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1400-1599
Square Footage 1,599 sqft
Price per Sqft $30
Subdivision New South Memphis Blk 3
MLS Listing ID 10198883
Style Traditional
Bedrooms 4
Full Baths 1
Year Built 1936
Annual Tax Amount $330
Lot Size 7,405 Sqft
Property Sub-Type Detached Single Family
Property Description
4-bedroom, 1-bath investment property priced at just $49,500. With an estimated $27,000 in repairs, this home is ideal for investors seeking a solid value-add project with strong cash flow potential. Key Highlights: Located in Memphis' 38109 ZIP — a high-demand rental area minutes from Downtown, Surrounded by active investor activity and long-term community growth, Section 8 rental comps in the area average $1,400/month, with consistent demand for 4-bedroom units. This property offers a chance to build equity and generate reliable rental income in a growing submarket. Perfect for a buy-and-hold investor or someone looking to build a small rental portfolio. Being sold as-is.
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Rooms
Dining Room 9x7
Kitchen LR/DR Combination,Eat-In Kitchen
Interior
Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Flooring Part Carpet,Vinyl/Luxury Vinyl Floor
Exterior
Exterior Feature Wood/Composition,Vinyl Siding
Parking Features Driveway/Pad
Pool None
Roof Type Composition Shingles
Building
Lot Description Level
Story 1
Foundation Conventional
Sewer Public Sewer
Water Public Water