2312 WELLONS ST, Memphis, TN 38127
ST ELMO 5TH ADDITION · Shelby County
Key Facts
Description
This beautiful brick 3-bedroom 1 bath Frayser neighborhood home is being offered together with five other income producing single-family homes. This is a pristine opportunity for a new investor to enter into the Rental / Investment real estate space or a "bundle deal" for a seasoned investor - Steady Income and Great Returns! The home is currently vacant and in need of mid-level rehab for no deferred maintenance. Owner has professional contractors available to complete rehab for "hands-off" investment! Other homes are 967 Maria, 973 Maria, 1185 Wrenwood, (Memphis TN), 2184 Ashland (Southaven, MS), 6467 Tulane (Horn Lake, MS) (three of the six homes are tenant occupied with long-term tenants - day one cashflow in place)! $975,000.00 is Bundle Price.? Bundle price reduced by $100k!!. Owner willing to rehab and sale to Owner Occupants separately as well! We specialize in investment properties and have other opportunities available! DO NOT Disturb Tenants. No inspections without contract.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Traditional
Year Built
1961
Stories
1
Living Area
1,188 sq ft
Lot Size
0.30 acres
Garage Spaces
2
Parking Spaces
2
Days on Market
61
MLS® Listing#
10217061
Property Features
Interior
Cooling
Flooring
Pool
Parking
Laundry
Lot Features
Foundation
Roof
Windows
Sewer
Water Source
Financial Details
Annual Taxes
$1,023
Parcel Number
071048 00125
Directions
2312 Wellons Ave., Memphis, TN 38127
Affordability Calculator
$34,960
Estimated monthly payment
$930/mo
Principal $139,840 · Est. interest $195,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Memphis, TN
- 75
- Median Days on Market
- 1,440
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 2,978
- Active Listings
- Its price per sq ft is 18% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Memphis, TN.
Location
Points of Interest in Memphis, TN
Showing the Memphis area map.
Nearby Schools
Hawkins Mill Elementary School
Elementary · 0.4 mi away
Georgian Hills Middle School
Secondary · 0.6 mi away
Georgian Hills Elementary School
Elementary · 0.7 mi away
Libertas School of Memphis
Elementary · 0.7 mi away
Mem Stem
School · 1.3 mi away
Corning Elementary School
Elementary · 1.4 mi away
Hope of Glory Christian Academy
School · 1.4 mi away
Trezevant High School
Secondary · 1.5 mi away
Memphis Business Academy
School · 1.5 mi away
Porter Leath
School · 1.7 mi away
Primary Prep
Elementary · 1.7 mi away
Trezevant Career and Technical School
Secondary · 1.8 mi away
Lucie E Campbell Elementary
Elementary · 1.9 mi away
Keystone Elementary School
Elementary · 2.0 mi away
Grandview Heights Middle School
Secondary · 2.1 mi away
Our Lady of Sorrows School
Elementary · 2.1 mi away
Frayser-Corning Elementary
Elementary · 2.1 mi away
Martin Luther King Junior College Preparatory High School
Secondary School · 2.2 mi away
Frayser Community Schools
Secondary · 2.2 mi away
Head Start
School · 2.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3640 DUNN AVE, Memphis, TN | $122,360 | 2 | — | 876 |
| 109 N MAIN ST 412, Memphis, TN | $122,900 | 1 | — | 792 |
| 4301 UNIVERSITY ST, Memphis, TN | $122,900 | 3 | — | 936 |
| 3677 BISON ST, Memphis, TN | $123,000 | 4 | — | 1,310 |
| 6289 KIRBY DOWNS DR, Memphis, TN | $123,000 | 2 | — | 1,334 |
| 6289 KIRBY DOWNS DR, Memphis, TN | $123,000 | 2 | 2 | 1,334 |
Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: Independence Realty&Investment