397 CARBON RD, Memphis, TN 38109

$95,000 Asking Price

3 beds
1 bath
Built in 1961

Incredible Investment Opportunity! This property is currently occupied by a tenant that is on a lease from 3/26/2024 until 3/31/2025. The current tenant is paying $850 per month. This property is currently being professionally managed by Reedy and Company who just completed a fresh turnover before the tenant moved in. Now showings without an accepted offer. No wholesale or creative financing offers.

Features & Amenities

Interior

Rooms:
5
Flooring:
Hardwood Throughout
A/C:
Central
Heating:
Central

Exterior

General:
Brick Veneer,Wood/Composition, Wrought Iron Security Drs
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 0

Construction

Roofing:
Composition Shingles
General:
1, Slab

Location

County:
Mitchell/Westwood

Lot

Zoning:
075087 00037

Utilities

Water:
Public Water,Public Sewer
Sewer:
Public Water,Public Sewer

Financial

Buyers Agent Compensation:
3 Percent

This listing courtesy of:
Reedy & Company, REALTORS

About Memphis, TN

Housing

Number of Units
296,697
Median Home Value
$154,311
Median Rent
$742

52.07% of housing units are renter occupied.

10.48% are vacant.

Commute

Car
82.14%
Public Transportation
1.16%
Walk to Work
1.09%
Work from Home
14.58%
Other
0.84%

The median travel time to work is 21 minutes.

People

Population
676,522
Median Age
35.70
Median Household Size
2.54

Education

High School
30.26%
Associate’s Degree
6.19%
Bachelor’s Degree
15.99%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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