Saeed Nia
BEDS2
BATHS1 full
MLS#10196660
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCHEROKEE
NEIGHBORHOODPendleton-Park
Property Description
Turnkey investment opportunity with tenant in place paying $865/month through 8/16/2026, generating $10,380 in annual gross rental income. Estimated monthly cash flow of $163.63 with a projected 7.41% cash-on-cash return. Professionally managed and performing asset ideal for buy-and-hold investors seeking immediate income. OWNER FINANCING AVAILABLE! This well-maintained 2-bedroom, 1-bath property at 1428 Smythe Avenue features major capital improvements including a 2-year-old roof, furnace, and water heater, helping minimize future maintenance expenses. Additional features include original hardwood floors, ceiling fans, window coverings, laundry hookups, ample kitchen cabinet and counter space, and a functional layout attractive to long-term tenants. No wholesalers, assignments! TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Financials available upon request.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 5.93 Acres
Year Built: 1950
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 378
Exterior/ Windows: Brick Veneer, Other (See Remarks)
Floors/ Ceilings: Part Carpet
Living/ Dining Room: Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 2
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Saeed Nia
Agent Phone:
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 201.38 per month $178.05 Principal & Interest $0.00 Property Tax (data not provided by mls) $23.33 Homeowner's Insurance
1428 Smythe Ave, Unit 58 | MLS# 10196660
This single family home located at 1428 Smythe Ave, Unit 58, Memphis, TN 38114 is currently listed for sale with an asking price of $80,000. This property was built in 1950 and has 2 bedrooms and 1 full baths. Smythe Ave, Unit 58 is located in the CHEROKEE subdivision. Search CHEROKEE real estate on saeed.crye-leike.com today.