Memphis, TN 38109,949 W RAINES RD

$47,000

Est. payment /mo

$47,000

Est.Price: ?

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949 W RAINES RD Memphis, TN 38109

4 Beds

1.1 Baths

1,599 SqFt

SOLD DATE : 10/04/2019

Key Details

Sold Price $47,000

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 1400-1599

Square Footage 1,599 sqft

Price per Sqft $29

Subdivision Chickasaw Village 7Th Addn

MLS Listing ID 10058987

Sold Date 10/04/19

Style Traditional

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1969

Annual Tax Amount $1,056

Lot Size 0.420 Acres

Property Description

VERY NICE INCOME PROPERTY WITH SECTION 8 TENANT IN PLACE. CURRENT RENT IS $816/MONTH. POTENTIAL CAP RATE OF 16.5%. SELLER RECENTLY COMPLETED $9000 IN REPAIRS THIS YEAR. CALL TODAY TO ADD THIS PROPERTY TO YOUR RENTAL PORTFOLIO.

Location

State TN

County Shelby

Area Coro Lake

Rooms

Master Bedroom 12X14

Dining Room 12X12

Kitchen Great Room

Interior

Heating Central, Electric

Cooling Central

Flooring Part Carpet

Exterior

Exterior Feature Brick Veneer

Parking Features Driveway/Pad

Garage Spaces 1.0

Pool None

Building

Lot Description Level, Corner

Story 1.5

Others

Acceptable Financing Cash

Listing Terms Cash

Read Less

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Listed by Cedric M Brooks • Keller Williams
Bought with Christopher Mosby • Vinebrook Homes Realty

Stephen James

Agent | License ID: MS# 52033 TN# 336698

+1(662) 689-1299

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