TN > Memphis > New South Memphis Blk 3
Memphis, TN 38109,115 E DEMPSTER AVE
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Found It Team

Found It Team

+1(800) 790-7576
$49,500
Est. payment /mo
4 Beds
1 Bath
1,599 SqFt
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UPDATED:

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

Master Bedroom 15x14

Bedroom 2 14x11 Carpet, Level 1

Bedroom 3 14x12 Carpet, Level 1

Bedroom 4 13x9 Carpet, Level 1

Bedroom 5 Carpet, Level 1

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

Others

Miscellaneous Porch,Patio

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Listed by Jen L Carstensen • Real Estate Agency
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