5511 EMERALD HILLS DR, Memphis, TN 38115 (MLS # 10200481)
Twitter
Facebook
Email
|
Cashflowing investment property with new roof and some systems update. Tenant in place (Do not disturb). This 3-bedroom, 2-bathroom, 1,200 square foot home offers a strong opportunity for both new and experienced investors. The property is tenant-occupied and generating rental income of over $1,100 per month. Please do not disturb the tenant. Recent updates include a new roof and improvements to key systems, providing long-term value and reduced maintenance concerns. Annual property taxes are approximately $1,300, and the home is priced about $20,000 below market value. With stable cash flow from day one and room for equity growth, this property is well-suited for any investor looking to expand or start their portfolio.
| DAYS ON MARKET | 3 | LAST UPDATED | 7/3/2025 |
|---|---|---|---|
| TRACT | BISHOPS GATE PD AREA 2 | YEAR BUILT | 1994 |
| COUNTY | Shelby | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 2614 sq ft |
| PARKING | Driveway |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | BISHOPS GATE PD AREA 2 |
| TAXES | 1370 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Carey
Collins to contact you even if your name is on a Federal or State
"Do not call List".
Listed with eXp Realty, LLC
Copyright© 2025 Memphis Area Association of REALTORS®. The information provided is for the consumer’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
This IDX solution is (c) Diverse Solutions 2025.