BEDS4
BATHS2 full
MLS#10220330
STATUSPending
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCOLONIAL ACRES
Property Description
This property is leased at $2,100 per month through 04/30/2028, with a cash-on-cash return of 5.61% and a monthly cash flow of $357.43. Extensively renovated and built for long-term performance, this property offers strong rental appeal with major system upgrades and modern finishes. Key improvements include a new 4-ton HVAC system, updated kitchen with quartz countertops, new cabinetry and fixtures, and fully renovated bathrooms with new tile, vanities, and tubs. Flooring has been refreshed with refinished hardwoods and LVP, complemented by fresh interior and exterior paint. Additional enhancements include a newer roof, new water heater, updated lighting, and exterior improvements, creating a clean, low-maintenance, turnkey asset. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
Property Features
Property Type: Residential - Single Family
Cooling: Central
Garage: 1
Heating: Central
Home Style: Traditional
Lot Size: 0.20 Acres
Year Built: 1952
Feature Descriptions
Bed and Bath: All Bedrooms Down, Vinyl/Luxury Vinyl Floor
Days on Site: 45
Exterior: Porch
Exterior/ Windows: Brick Veneer
Floors/ Ceilings: Tile, Vinyl/Luxury Vinyl Floor
Living/ Dining Room: Separate Living Room, Separate Dining Room, Washer/Dryer Connections, Vinyl/Luxury Vinyl Floor
Lot: Level
Parking/ Storage: Driveway/Pad, Back-Load Garage
Total Rooms: 8
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Destin Westmoreland
Agent Phone: (662) 253-0808
Agency Title: Local Agency Realty Group
Estimate Your Payment
Estimated Payment
$ 1,673.88 per month $1,592.24 Principal & Interest $0.00 Property Tax (data not provided by mls) $81.64 Homeowner's Insurance
1416 Marcia Rd | MLS# 10220330
This single family home located at 1416 Marcia Rd, Memphis, TN 38117 is currently listed for sale with an asking price of $279,900. This property was built in 1952 and has 4 bedrooms and 2 full baths. Marcia Rd is located in the COLONIAL ACRES subdivision. Search COLONIAL ACRES real estate on destin.localagencyrealty.com today.