5246 LOCHINVAR DR, Memphis, TN 38116

$129,900 Asking Price

3 beds
1 bath
Built in 1955

Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38116 area. Cash flowing with a monthly rental amount of $1,155/month. The lease ends on 10/31/2024. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

Features & Amenities

Interior

Rooms:
6
Flooring:
Other (See REMARKS)
A/C:
Other (See REMARKS)
Heating:
Other (See REMARKS)
Fireplace:
Fireplaces: 1

Exterior

General:
Other (See Remarks), Other (See REMARKS)
Style:
Other (See Remarks)
Pool:
None
Parking:
Other (See REMARKS), Parking spaces: 1

Construction

General:
1

Location

County:
Whitehaven/Southland Mall

Lot

Zoning:
079135 00022

This listing courtesy of:
CrestCore Realty MphsBrokerage

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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