15.87% ROI – Pershing Ave, Memphis, TN 38112 Sold

$35,500
2 beds
1 baths
761 sqft

Sold

15.87% ROI – Pershing Ave, Memphis, TN 38112 - $35,500

3058 Pershing Ave, Memphis, TN 38112 is a fantastic 2 bedroom 1 bath bungalow located in one of the hottest rental areas of Memphis. Houses are also appreciating in value in this area. Renovated to Like New Condition. Quiet street and neighborhood. Currently rented with a 2 year lease at $550 per month. Close to churches, schools, freeway, downtown, Memphis State University.

Cash Flow Analysis:
Rental Income: $550 Per Month / $6600 Per Year
Property Management @ 8%: $528
Real Estate Taxes: $156
Insurance: $279
Expenses: $963
Positive Cash Flow: $5637
ROI: 15.87%

Price:: $35,500
Address:: 3058 Pershing Ave
Memphis, TN 38112
Square Feet:: 761
Lot Size:: 6969
Bedrooms:: 2
Bathrooms:: 1

Terms:: For Sale
Property Type:: Home
Year Built:: 1947

Call (901) 443-4660 for more details

I received excellent service, communication and professionalism from Terry Brown. He handled the sale of my home quickly and headache free. He also returned all phone calls and emails promptly. What I thought was going to be a daunting process was pleasant and easy. Everything went smooth from the listing to the closing. The process took less than a month. I would definitely use him and USA Prime Properties again and recommend him to others.

Constance Harrison

“Closing went smoothly”

I called USA Prime Properties and found Terry extremely helpful with answering all of my questions. Closing went smoothly and Terry even called me 2 weeks after to see how I was doing.

I have purchased many investment houses in Memphis, TN and found Terry at USA Prime Properties at the top of my list of firms to use. His communication skills are the best.

R. Kennedy