Action Realty McNairy
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$145,900

1531 Netherwood

Memphis, TN 38106
3Beds
1Baths
1200-1399Sq Ft
1912Year Built

About this property

The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 7.16% and a monthly cash flow of $256.47. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring, an updated kitchen with new countertops and fixtures, and a fully renovated bathroom with new tub and subway tile. Additional enhancements include fresh interior and exterior paint, updated lighting throughout, and completed crawl space and system repairs. Turnkey condition with strong rental potential and minimal deferred maintenance. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Property details

MLS #
10195316
Type
Residential
County
Shelby
Listed
2025-04-29
Map
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Listing courtesy of Foundation Property Management · 901-633-1484 · © 2026 Memphis Area Association of REALTORS®

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial 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.

Listing data last updated Jun 10, 2026 10:00 AM.