Owner Finance Available
1309 Semmes St
Memphis, TN 38111
🛏️
3
Bedrooms
🚿
2
Bathrooms
📏
1,272
Sq Ft
📅
1951
Year Built
Memphis, TN 38111
3
Bedrooms
2
Bathrooms
1,272
Sq Ft
1951
Year Built
Investor opportunity in a very strong rental market! This well maintained home, offers a 3-bedroom, 2 bath split floor plan at home offers 1,319 sq. ft. of living space on a fenced 0.25-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, central heat and air, new LED lighting throughout. Interior highlights include a spacious den, large kitchen with ample cabinets and dining area, baths with tile flooring, and updated venting. Hardwood flooring through most of the home, LVP kitchen, and tile baths. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident, (since 2018) paying $1,1045 a month. , market rents in this area for a 3BR/2BA average $1,300 to $1,500 per month. This is a very low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.
Property Type
Single Family
Year Built
1951
HOA
None
Listed Price
$118,900
Free account - No credit card required
Owner financing means the seller of 1309 Semmes St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Memphis, TN is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Memphis property.