1736 LAPALOMA ST, Memphis, TN 38114

$85,000 Asking Price

3 beds
2 baths
Built in 1950

Your Investment Opportunity! Seize the chance to enhance your rental portfolio with this charming 3-bedroom, 2-bathroom home, situated in a desirable residential community. This property is not only a fantastic investment but also offers immediate cash flow potential, thanks to a reliable tenant currently in place. One of the standout features of this property is the covered side porch, which offers a delightful outdoor space for tenants to enjoy. The property is professionally managed by a reputable property management company. Located in a vibrant neighborhood that is experiencing growth, you will find new construction homes emerging nearby, which indicates a promising future which indicates a promising future for property values in the area. This development enhances the community's appeal and could lead to increased demand for rentals, making this an excellent long-term investment. Please note that we will not entertain assignment of contracts. Don’t let this opportunity slip away!

Features & Amenities

Interior

General:
Pull Down Attic Stairs
Rooms:
6
Master Bath:
Tile Floor
Flooring:
Wall to Wall Carpet,Tile
A/C:
Central,Ceiling Fan(s)
Heating:
Central,Gas
Disability Feature:
Ramp,Wheelchair Mobility

Exterior

General:
Brick Veneer, Porch
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 0

Construction

Roofing:
Composition Shingles
General:
1, Conventional

Location

County:
South Memphis/Glenview

Lot

Zoning:
060105 00001

Utilities

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

This listing courtesy of:
KAIZEN Realty, LLC

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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