4064 REED AVE, Memphis, TN 38108

Property Description

ATTENTION INVESTORS!! 4064 Reed Ave is a fully renovated 2BR/1BA, 825 SF turnkey rental offering strong, stable cash flow and low-maintenance ownership. Currently leased at $975/month through 2/11/2028 with a 5.27% cash-on-cash return. Major improvements include a NEW 30-year architectural roof, NEW 2.5-ton Carrier HVAC system, and a FULL interior renovation featuring fresh paint, trim, lighting, doors, and fixtures. The kitchen has been completely updated with new cabinets, countertops, sink, and faucet, along with new LVP flooring. The bathroom has been fully remodeled with a new tub, tile, vanity, toilet, and fixtures. Additional upgrades include a new water heater, smart locks, updated electrical/lighting, and exterior improvements including paint, siding repairs, fencing, driveway, and landscaping. DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. No wholesalers, assignments, or creative financing! Owner/Agent

Property Features