Investment Overview:
194 E Biscayne Rd presents an attractive opportunity for investors looking to acquire a fully renovated residential rental property in Memphis, Tennessee. Priced at $124,900, this home features 4 bedrooms, 2 bathrooms, and approximately 1,165 square feet of living space.
The property has been fully renovated and is currently vacant, giving the next owner the opportunity to prepare it for a new tenant. With a monthly rental estimate of $1,195, the property has the potential to generate approximately $14,340 in gross annual rental income before vacancies and operating expenses.
Its four-bedroom layout, completed renovations, and accessible purchase price make it worth considering for investors seeking rental income and long-term property ownership.
Whether you are purchasing your first rental property or expanding an existing portfolio, 194 E Biscayne Rd offers an opportunity to explore the Memphis real estate market.
Property Details
Property Address 194 E Biscayne Rd, Memphis, TN
Property Type House
Terms For Sale
Purchase Price $124,900
Bedrooms 4
Bathrooms 2
Square Footage 1,165 sqft
Property Condition Fully Renovated
Occupancy Status Vacant
MLS Number Leave Blank
Monthly Rent (GSI) $1,195
Annual Gross Scheduled Income (GSI) $14,340
Annual Property Taxes $789.30 (As Provided)
Rental Income Overview
Monthly Rental Income $1,195
Annual Gross Rental Income $14,340
Annual Property Taxes $789.30
Annual rental income is calculated assuming the property generates $1,195 per month for 12 months. Actual income will depend on tenant placement, occupancy, lease terms, and operating expenses.
Investment Highlights
- Fully renovated residential property.
- Four bedrooms and two bathrooms.
- Approximately 1,165 square feet of living space.
- Currently vacant and available for a new tenant.
- Monthly rental income potential of $1,195.
- Annual gross rental income potential of $14,340.
- Property taxes of $789.30 as provided.
- Suitable for investors interested in long-term rental ownership.
Interested in This Property?
Explore the opportunity to own 194 E Biscayne Rd in Memphis. Contact our team to learn more about the property’s features, renovation details, rental potential, and purchasing process.
All rental figures are estimates and are not guaranteed. Buyers should independently verify property condition, renovation details, property taxes, rental estimates, insurance, and other expenses before purchasing.