Single Family Investment Opportunity
Price:
$1,120,000
6 bedrooms 7 1/2 bathrooms
3 car garage
7870 sq.ft.
4.16 acres
Welcome! If you are looking for a fantastic investment opportunity in the short-term rental market, 11851 Metz Place in Eads, TN is the perfect property for you.
This stunning property is located in the highly sought-after and rapidly growing suburb of Memphis, TN. With its prime location, this property offers guests easy access to all that the area has to offer, including shopping, dining, entertainment, and more. Plus, with a new bedroom currently being added to the property, the total square footage will soon be 8800, providing even more space for guests to spread out and relax.
The property sits on a spacious 4.16-acre lot, enclosed by brick and iron perimeter fencing, offering guests a private and secluded retreat. Inside, the property is adorned with beautiful stone and wood flooring, granite countertops, and VIKING stainless steel appliances, providing a luxurious and comfortable living space for guests to enjoy.
Most of the upgrades and improvements have already been completed, including a newer roof, new exterior paint, and recently serviced VIKING appliances, Carrier HVAC Condenser, plumbing, and electrical improvements. Additionally, the property has been staged with four queen beds and furniture, and just installed a Samsung washer and dryer.
While there are a few minor repairs and updates left to complete, such as new interior light fixtures, higher-end chandeliers, new faucets, and other trim pieces, this property is ready to start generating rental income right away. With the added benefit of recently installed LEAF FILTER rain gutters, a circular driveway with additional on-site vehicle parking, and preferred vendor recommendations for septic, appliance maintenance and repairs, HVAC, gutters, roof, and landscaping, this property is an incredible investment opportunity.
Don't miss out on the chance to own this incredible short-term rental property in Eads, TN. With its desirable location, luxurious amenities, and potential for strong rental income, 11851 Metz Place is a must-see.
This incredible property in Eads, TN offers more than just luxury and potential rental income - it also comes with an instant equity of $400,000! According to the most recent appraisal on 12/21/22, the property is valued at $1,575,000.00, providing a fantastic investment opportunity for any buyer.
In addition to its impressive value, this property has a rich history. Mike Tyson, former heavyweight champion, rented this house when he was in town for his title fight with Lennox Lewis in 2002. Even more, Damon Stoudamire, former Memphis Grizzlies basketball player and current coach at the University of the Pacific, has a remarkably beautiful home just a few houses down the street. His ex-wife, Natasha Taylor, is the current owner of the property.
But it's not just the history and value that make this property a fantastic investment opportunity.
With the potential for use as a rental home for film executives filming in Memphis, as well as increasing demand for executive housing for workers at the new "Blue Oval City" Ford EV-truck plant, which is about 30 minutes to the East, this property is perfectly positioned for rental success.
With a market rent of $6,500 - $10,000/month, gated driveway, and plenty of amenities to offer guests, 11851 Metz Place is the perfect short-term or long-term rental. And with a budget of $50,000 to $70,000 to complete improvements to the buyer's taste, this property can truly become a one-of-a-kind investment opportunity.
Don't miss out on the chance to own this incredible property and take advantage of its instant equity, rich history, and prime location. Contact us today to schedule a showing and start exploring the endless possibilities that this property has to offer
Property Photos: https://photos.app.goo.gl/MQ7v2cMDGU8ZLQLU9
Current appraisal on 12/21/22 is at $1,575,000.00.
Instant Equity of $500,000.
Please submit all offers directly to Sarter@promiselandrealtyllc.com
PROPERTY PHOTOS: https://photos.app.goo.gl/Rh22STX6yDyKkPzdA
Property Comps:
Property Map
"Your #1 Source for Off Market Investment Property"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*