1531 Netherwood Ave, Memphis, TN 38106

Description

The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 7.16% and a monthly cash flow of $256.47. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring, an updated kitchen with new countertops and fixtures, and a fully renovated bathroom with new tub and subway tile. Additional enhancements include fresh interior and exterior paint, updated lighting throughout, and completed crawl space and system repairs. Turnkey condition with s...