INVESTOR OPPORTUNITY - TURN KEY CASH-FLOWING 5-BEDROOM RENTAL WITH LONG-TERM TENANT IN PLACE! Motivated seller offering this income-producing investment property featuring 5 bedrooms, 2 bathrooms, and approximately 2,190 square feet of heated and cooled living space according to tax records. The property is currently leased at $1,393.20 per month through a government rental assistance program, providing reliable rental income with a long-term tenant who has occupied the home for approximately six years and desires to remain in place. This property was extensively remodeled in July 2021 and includes a refrigerator, stove, washer, and dryer. Additional improvements include a new HVAC condenser installed and caged in 2022, as well as an ADT security system. The home offers investors an opportunity to acquire a stabilized asset with immediate income and upside potential. HUD Fair Market Rent for the area is currently reported at approximately $2,059 per month, creating future value-add considerations for investors evaluating long-term portfolio growth. The property is being sold strictly AS-IS. Seller will make no repairs. Tenant occupancy provides immediate cash flow from day one. Do not disturb tenant under any circumstances. All photos were taken following the 2021 renovation. Showings will be permitted only after an accepted contract, during the due diligence period, and by appointment. Buyer to verify all information deemed important.
Listed By
Agency Name: Favor Realty LLC
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 377.23 per month $255.72 Principal & Interest $88.00 Property Tax $33.51 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
110 Cherry Hill Drive | MLS# 4151425
This single family home located at 110 Cherry Hill Drive, Jackson, MS 39212 is currently listed for sale with an asking price of $114,900. This property was built in 1969 and has 5 bedrooms and 2 full baths with 2190 sq. ft. Cherry Hill Drive is located in the Greenbriar subdivision. Search Greenbriar real estate on www.fusion2b.com today.