If you’re an investor looking for a reliable income stream, this Tennessee investment property may be just what you’re looking for. This single-family home is currently rented for $995 per month, with the rent increasing to $1,075 per month starting July 1. The property is professionally managed, so you can sit back and collect your monthly rent check without any hassle.
The lease for this property expires, or renews, on June 30, 2023, providing you with a guaranteed income stream for the next few years. The current tenant moved in on June 26, 2020, and has an excellent payment history, making this an attractive investment opportunity for anyone looking for a safe and secure investment.
This property was renovated in April 2020, including a brand new roof, AC, furnace, A-coil, and water heater, ensuring that your investment will require minimal maintenance expenses in the near future. This property is truly a turnkey investment opportunity, providing you with a cash flow stream from day one, without any additional expenses.
It’s important to note that the tenant is not to be disturbed, so showings are only available with an accepted offer. Additionally, the lease, ledger, and maintenance records are available upon request, providing you with all the information you need to make an informed investment decision.
In summary, this Tennessee investment property is an excellent opportunity for investors looking for a reliable income stream. With a current tenant in place, a lease that expires in 2023, and recent renovations, this property is a turnkey investment opportunity that requires minimal effort on your part. Don’t miss out on this opportunity to add a reliable source of income to your investment portfolio.
3368 E ROSITA, Memphis, TN 38116