30 Auburndale StMemphis, TN 38104

Property Details for 30 Auburndale St

Year built

1910

Property size (Sq ft)

2,331 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Midtown Memphis property presents a lucrative investment opportunity. The 2-story, 2,331 square foot home, built in 1910, boasts four bedrooms and two full bathrooms, complemented by a refreshing swimming pool. Situated on a 7,900 square foot lot, the property is zoned residential and offers significant potential as a short-term rental, given its proximity to Midtown attractions. The home features hardwood floors, high ceilings, and a large front porch, reflecting classic Midtown charm. A fenced yard and a bonus storage unit, ideal for a workshop or poolside bar, add to its appeal. The asking price is $325,000, representing a price per square foot of $139.43 and a projected cap rate of 6.00%. The property's move-in ready condition minimizes upfront expenses, allowing for immediate income generation. This single-family home, classified as Class A, presents a rare chance to acquire a high-yield investment in a desirable location. The property's features, combined with its strong rental potential, make it an attractive addition to any investment portfolio. Don't miss this opportunity to own a piece of Midtown Memphis.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1388

Longitude

-90.0023

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