3418 ELK POINT DR, Memphis, TN 38128

$89,900 Asking Price

3 beds
1 bath
Built in 1972

Investors, check it out - a 3/1 in Raleigh that's got a long-term tenant in there now and, once fixed up a bit, the market rent is about $1100. Roof is about 7 years old, other interior condition is unknown. Seller is doing a 1031 Exchange on sale, also has 3713 Dunn for sale - offer on both if you want! Rented for $800/month, lease ends 12/31/24 DO NOT DISTURB TENANT, no showings until accepted contract. Buyer to verify all facts; no assignable offers will be accepted. No seller-financing.

Features & Amenities

Interior

Rooms:
5
Flooring:
Other (See REMARKS)
A/C:
Central
Heating:
Central

Exterior

General:
Brick Veneer,Wood/Composition, Wrought Iron Security Drs
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 1

Construction

Roofing:
Composition Shingles
General:
1

Location

County:
Egypt Central

Lot

Zoning:
090007 00017

Utilities

Water:
Gas Water Heater,Public Sewer,Public Water
Sewer:
Gas Water Heater,Public Sewer,Public Water

Financial

Buyers Agent Compensation:
3 Percent

This listing courtesy of:
Memphis Metro Realty

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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