2545 Spottswood Ave
Memphis, TN 38114
2
Bedrooms
1
Bathrooms
747
Sq Ft
1915
Year Built
About This Property
Turnkey cash flowing investment opportunity. Generating $1,000 per month with lease in place until 4/2027. Annual gross income 12,000 offering approximately 12.6 percent gross yield at current list price. Fully renovated. New A/C and Furnace. Low maintenance asset positioned for immediate return.Perfect for DSCR LOAN Option or Cash Buyer. Owner Financing Available DO NOT DISTURB TENANT Sold As-is.
Property Details
Property Type
Single Family
Year Built
1915
Lot Size
2,613.6 sq ft
HOA
None
Listed Price
$92,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Memphis
What is owner financing for 2545 Spottswood Ave?
Owner financing means the seller of 2545 Spottswood Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Memphis, TN is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Memphis home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Memphis property.