This single family home is an outstanding investment featuring a 5 year internal rate of return of 19.3%.

Built in 1990 and completely renovated in 2011, this desirable home is located in Memphis. It features 1,386 sqft of living space with 3 bedrooms and 2 bathrooms and an added sunroom.

The home will be tenanted prior to close under a one year lease with the tenant paying $950/month and will be managed by an experienced, professional property management team.  The tenant pays all utilities.

Unique features of this property include:

-Excellent location in well-established neighborhood where Meridian Pacific Properties has an established history of quality tenants and returns

-Near Bartlett Park, Quail Ridge Golf Course, and two hospitals

-Located in Bartlett School District

-Great portfolio quality play