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5511 EMERALD HILLS DR Memphis, TN 38115
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Key Details
Sold Price $115,000
Property Type Townhouse
Sub Type Attached Single Family
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1000-1199
Square Footage 1,199 sqft
Price per Sqft $95
Subdivision Bishops Gate Pd Area 2
MLS Listing ID 10200481
Sold Date 09/25/25
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 1994
Annual Tax Amount $1,370
Lot Size 2,613 Sqft
Property Sub-Type Attached Single Family
Property Description
Cashflowing investment property with new roof and some systems update. Tenant in place (Do not disturb). This 3-bedroom, 2-bathroom, 1,200 square foot home offers a strong opportunity for both new and experienced investors. The property is tenant-occupied and generating rental income of over $1,100 per month. Please do not disturb the tenant. Recent updates include a new roof and improvements to key systems, providing long-term value and reduced maintenance concerns. Annual property taxes are approximately $1,300, and the home is priced about $20,000 below market value. With stable cash flow from day one and room for equity growth, this property is well-suited for any investor looking to expand or start their portfolio.
Location
State TN
County Shelby
Area Fox Meadows
Rooms
Master Bedroom 0X0
Dining Room 0X0
Kitchen Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Part Carpet
Fireplaces Number 1
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Wood Fenced
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Kawtar Noury • Fast Track Realty, LLC
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