3725 WAX MYRTLE DR, Memphis, TN 38115 (MLS # 10210038)
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This property has a projected monthly rent of $975 ($11,700 annually), an estimated cash-on-cash return of 5.40%, and an expected monthly cash flow of $149.59. "all investment figures are estimates and verified independently by buyer" Well-positioned investment opportunity featuring a functional layout and solid bones. Recent updates enhance overall appeal, while the property remains in fair condition with visible wear consistent with age. Ideal for investors seeking to add value through cosmetic improvements and strategic upgrades. Conveniently located with strong rental and resale potential. Property offers strong long-term upside and is being sold As Is, presenting a value-add opportunity with some TLC needed. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
| DAYS ON MARKET | 218 | LAST UPDATED | 11/19/2025 |
|---|---|---|---|
| TRACT | HEATHER RIDGE PUD PHASE 2 | YEAR BUILT | 1985 |
| COMMUNITY | Hickory Hill/H.R. Mall | COUNTY | Shelby |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Hickory Hill/H.R. Mall |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 2614 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | HEATHER RIDGE PUD PHASE 2 |
| TAXES | 978 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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