Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
13
Photos
Built in
1973
Rental opportunity! Only the building is for sale. Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.
Features & Amenities
Interior
- Rooms:
- 4
- Flooring:
- Tile
- A/C:
- Central
- Heating:
- Central,Gas
- Fireplace:
- Fireplaces: 0
Exterior
- General:
- Brick Veneer,Wood/Composition, Porch,Wood Fence,Sidewalks
- Style:
- Soft Contemporary
- Pool:
- None
- Parking:
- Parking Lot, Parking spaces: 0
Construction
- Roofing:
- Composition Shingles
- General:
- 1, Slab
Location
- County:
- Covington Pike - South
Lot
- Zoning:
- 088005 00005
Utilities
- Water:
- Electric Water Heater,Public Water,Public Sewer
- Sewer:
- Electric Water Heater,Public Water,Public Sewer
This listing courtesy of:
KAIZEN Realty, LLC
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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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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