5511 Emerald Hills Dr

Memphis TN 38115

1142 sq. ft.

0.06 ac.

Other

Last sold for $115,000

Terrance Hill, last sold this property on 25 September 2025 after 83 days on market.

Overview

Cashflowing investment property with new roof and some systems update. Tenant in place (Do not disturb). This 3-bedroom, 2-bathroom, 1,200 square foot home offers a strong opportunity for both new and experienced investors. The property is tenant-occupied and generating rental income of over $1,100 per month. Please do not disturb the tenant. Recent updates include a new roof and improvements to key systems, providing long-term value and reduced maintenance concerns. Annual property taxes are approximately $1,300, and the home is priced about $20,000 below market value. With stable cash flow from day one and room for equity growth, this property is well-suited for any investor looking to expand or start their portfolio.

Features

3 bedrooms

2 bathrooms

1142 sq. ft. floor area

0.06 ac. lot size

Other

Estimated Value

We need at least 3 similar 3 bedroom other properties sold in Memphis over the last 12 months.

Property history for 5511 Emerald Hills Dr

2025

Sold

$115,000

25 Sep 2025 by Terrance Hill

2018

Sold

$65,000

27 Feb 2018 by Terrance Hill, of REMAX Experts

Happy sellers in Memphis

We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.