5655 ENCINO CV 1, Memphis, TN 38115
THE HAMLETS · Shelby County
Key Facts
Description
Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great opportunity for investors looking for a low-cost project with strong rental potential. Being sold in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr, Apt 101, 38115; 2800 Mojave Pl, Apt 173, 38115; 2829 Sonora Dr, Apt 2, 38115; & 2567 Oxford Ave. That's 5 condos in the Hamlets & 1 duplex in Binghampton. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor to make your offer today! VIDEO AVAILABLE UPON REQUEST!!
Property Information
Property Type
Residential
Sub-Type
Condominium
Style
Traditional
Year Built
1973
Stories
1
Living Area
960 sq ft
Lot Size
0.20 acres
Days on Market
3
MLS® Listing#
10226196
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Laundry
Patio
Lot Features
Construction
Security
Other Structures
Community
Utilities
Sewer
Water Source
Financial Details
HOA
Yes
Annual Taxes
$489
Parcel Number
074090 A00076
Directions
Turn right onto Stage Hill Rd. Turn right onto N Germantown Rd. Take ramp onto I-40 W toward Memphis. Take the exit onto I-240 W. Take exit 17. Turn left onto Mt Moriah Rd. Turn right onto Clarke Rd. Turn left onto Encino Cv.
Affordability Calculator
$8,000
Estimated monthly payment
$213/mo
Principal $32,000 · Est. interest $44,643 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 67% below 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
Fox Meadows Elementary School
Elementary · 0.3 mi away
Balmoral Ridgeway Elementary School
Elementary · 0.7 mi away
Cornerstone Prep School
Elementary · 0.9 mi away
SE Academy Private School
Elementary · 0.9 mi away
Belle Forest Community School
Elementary · 1.1 mi away
Westminster Academy
School · 1.2 mi away
Newberry Elementary School
Elementary · 1.2 mi away
Evans Elementary
Elementary · 1.3 mi away
Ridgeway Middle School
Secondary · 1.4 mi away
Resurrection
School · 1.4 mi away
Compass Community School Hickory Hill Campus
Elementary · 1.4 mi away
Wooddale High School
Secondary · 1.4 mi away
Power Center Academy Elementary School
Elementary · 1.4 mi away
Ridgeway High School
Secondary · 1.5 mi away
Gestalt Community Schools
Elementary · 1.5 mi away
Wooddale Middle School
Secondary · 1.5 mi away
Ridgeway Elementary School
Elementary · 1.6 mi away
Winridge Elementary School
Elementary · 1.7 mi away
Sea Isle Elementary School
Elementary · 1.7 mi away
Hutchison School
School · 1.8 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 |
|---|---|---|---|---|
| 33 E GEETER RD, Memphis, TN | $28,500 | 2 | — | 1,120 |
| 834 CROCKETT ST, Memphis, TN | $28,599 | 2 | — | 988 |
| 1516 RAVEN AVE, Memphis, TN | $29,000 | 2 | — | 1,060 |
| 3058 ALTA RD, Memphis, TN | $29,000 | 3 | — | 1,226 |
| 1002 CRESTON AVE, Memphis, TN | $29,990 | 3 | — | 1,287 |
| 817 S PARKWAY AVE E, Memphis, TN | $30,000 | 3 | — | 1,450 |
Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: eXp Realty, LLC