Save This Old 1912 Tennessee Fixer Upper Reduced to Under $55K

OHU50K Notes $74,900 Reduced to $54,900

Sited next to and opposite empty lots is this Tennessee fixer upper with four bedrooms, three baths. The rusticated concrete block home needs a savior, but it offers a wrap-around porch, some natural woodwork, a stunning staircase with built-in bench, French doors, built-ins, large bathroom with clawfoot tub and eat-in kitchen.  The house has several tiled fireplaces, but sadly, most of the mantels have been removed.

 

Realtor Comments

Tons of potential on this super large All Wood Home with Classic Memphis Architecture near Stax Museum~~Home features Large wrap around porch , Hardwood floors, 4 Bedrooms and 3 Baths . Fireplaces in almost every room! ~ Needs TLC. Cash offers only.

• 4bed
• 3bath
• 0.24acre lot
• Circa 1912

 

 

766 Neptune St, Memphis, TN 38104 $74,900 Reduced tp $54,900

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

• Contact Realtor: Scott Housewirth
  Brokered by: Crye-Leike Inc., REALTORS
• Google Map
• Niche

 

Memphis As An Investment

Don’t pooh-pooh Memphis, Tennessee, before you consider some reasons why it might be a good city to invest in real estate. My son-in-law’s brother has two investment properties there, and he does very well. Let’s look at the facts.

Affordability

Memphis offers relatively affordable real estate prices compared to many other major cities in the United States. This affordability makes it attractive to investors looking for opportunities to enter or expand their real estate portfolios.

Strong Rental Market

Memphis has a robust rental market, with a significant percentage of the population being renters. This demand for rental properties can provide consistent cash flow for real estate investors, particularly in neighborhoods with high rental demand.

Stable Economy

Memphis has a diverse and stable economy, driven by industries such as healthcare, logistics, manufacturing, and tourism. The presence of major companies, including FedEx, AutoZone, and International Paper, contributes to economic stability and employment opportunities in the area. A strong job market is generally correlated with a healthy real estate market.

Memphis is attractive to new businesses despite high crime, say chamber of commerce leaders.  The $5.6 billion Ford Blue Oval City electric truck manufacturing plant, about an hour outside of Memphis, will bring 6,000 jobs to the automotive and EV battery industries. An additional 5,000 jobs will also be available for two battery plants in Kentucky that will be an extension of Blue Oval City in Haywood County.

Tourism and Culture

Memphis is known for its rich cultural heritage, particularly as the birthplace of blues music and the location of Elvis Presley’s Graceland. The city attracts a significant number of tourists each year, which can create opportunities for short-term rentals and vacation properties.

Development and Revitalization

Memphis has seen ongoing efforts in recent years to revitalize certain neighborhoods and attract new businesses. The city has invested in infrastructure improvements, downtown revitalization projects, and the redevelopment of historic properties. These initiatives can positively impact property values and potential returns on real estate investments.

Favorable Landlord Laws

Tennessee generally has landlord-friendly laws that provide protections to property owners. This can be advantageous for real estate investors, as it offers a legal framework that supports their rights and helps ensure a smoother landlord-tenant relationship.

However, it’s important to note that real estate investment carries inherent risks, and market conditions can change over time. Conducting thorough market research, consulting with local real estate professionals, and carefully evaluating individual investment opportunities are crucial steps to take before making any investment decisions.

 

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