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691 HILLCREST ST Memphis, TN 38112
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Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1200-1399
Square Footage 1,399 sqft
Price per Sqft $46
Subdivision Hillcrest
MLS Listing ID 10201731
Sold Date 08/29/25
Style Bungalow
Bedrooms 2
Full Baths 1
Year Built 1922
Annual Tax Amount $536
Lot Size 7,405 Sqft
Property Sub-Type Detached Single Family
Property Description
Investor opportunity in the heart of Memphis! This charming 2-bedroom, 1-bath single-family home features 1,230 sq ft of living space on a 0.17-acre lot with hardwood and tile floors throughout. Recent upgrades include a brand-new central A/C system and coil, some LED lights, interior paint updates, and a new roof, offering peace of mind and reduced capital expenses. The property is currently tenant-occupied with a long-term resident of 9 years on a month-to-month lease, paying $750/month with market rent potential around $900/month. This is a low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. There are many updated/ complete rehab homes in the area that have helped establish a strong rental market. Long-term tenant of 9 years, please do not disturb.
Location
State TN
County Shelby
Area Midtown/Holmes
Rooms
Other Rooms Bonus Room, Attic
Master Bedroom 15x13
Bedroom 2 12x12 Hardwood Floor, Level 1, Shared Bath
Bedroom 3 0x0
Bedroom 4 0x0
Bedroom 5 0x0
Dining Room 14x14
Kitchen Pantry, Separate Den, Separate Dining Room, Updated/Renovated Kitchen, Washer/Dryer Connections
Interior
Interior Features Walk-In Closet(s), Pull Down Attic Stairs, Security System, Smoke Detector(s)
Heating Central, Gas
Cooling 220 Wiring, Ceiling Fan(s), Central
Flooring Hardwood Throughout, Tile, Vinyl/Luxury Vinyl Floor, Textured Ceiling
Fireplaces Number 1
Equipment Range/Oven, Dishwasher, Cable Wired
Exterior
Exterior Feature Double Pane Window(s), Vinyl Windows, Wood/Composition
Parking Features Driveway/Pad, Storage Room(s)
Pool None
Roof Type Composition Shingles
Private Pool Yes
Building
Lot Description Chain Fenced, Level, Some Trees, Wood Fenced
Story 1
Foundation Conventional, Partial Basement
Sewer Public Sewer
Water Gas Water Heater, Public Water
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Christian Townsend • KAIZEN Realty, LLC
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