512 MCELROY RD, Memphis, TN 38120

$539,901 Asking Price

6 beds
4 baths
Built in 1985

"RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhoods with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."

Features & Amenities

Interior

General:
All Window Treatments,Attic Access
Rooms:
10
Master Bath:
Smooth Ceiling,Tile Floor
Appliances:
Range/Oven,Dishwasher,Refrigerator,Cable Wired
Flooring:
Part Hardwood,Tile,Smooth Ceiling
A/C:
Central
Heating:
Central,Electric
Fireplace:
Masonry,In Living Room,In Den/Great Room, Fireplaces: 1

Exterior

General:
Brick Veneer,Aluminum/Steel Siding, Patio,Wood Fence,Sidewalks
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad,Side-Load Garage, Parking spaces: 2

Construction

Roofing:
Composition Shingles
General:
2, Slab

Location

County:
White Station

Lot

Zoning:
068066 00072

Utilities

Water:
Public Sewer,Public Water
Sewer:
Public Sewer,Public Water

This listing courtesy of:
901, REALTORS

About Memphis, TN

Housing

Number of Units
296,697
Median Home Value
$154,311
Median Rent
$742

52.07% of housing units are renter occupied.

10.48% are vacant.

Commute

Car
82.14%
Public Transportation
1.16%
Walk to Work
1.09%
Work from Home
14.58%
Other
0.84%

The median travel time to work is 21 minutes.

People

Population
676,522
Median Age
35.70
Median Household Size
2.54

Education

High School
30.26%
Associate’s Degree
6.19%
Bachelor’s Degree
15.99%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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