OFF MARKET
3004 Carnes Ave
Memphis, TN 38111
East Memphis-Colonial-Yorkshire
3 Beds
2 Baths
1,540 sqft (on 0.56 acres)
- 3 Beds
- 2 Baths
- 1,540 sqft (on 0.56 acres)
3 Beds
2 Baths
1,540 sqft
(on 0.56 acres)
Homes for Sale Near 3004 Carnes Ave
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Local Information
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Description
This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
Totally Brand New Turnkey Rental Property! Near U Of M
Status: AVAILABLE
Purchase Price: $78,000
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 baths
Square Feet: 1,540 sqft
Lot Size: .5640 Acres
Year Built: 1955
Occupancy Status: Rented- Sec 8 1 yr lease
PROPERTY DESCRIPTION
This is a 3 Bedroom 1 1/2 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, New HVAC, NEW ROOF, ceramic tile in kitchen, Den, Laundry room and bathrooms, plank hard wood floors, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.
List Price – $78,000
Built- 1955
Currently Rented for $850 a Month- Sec 8 1 yr lease
Property Management Fee $68 a Month
CITY and COUNTY TAXES ONLY – $68.84 a Month
Insurance Quote -$34.25 a Month
Vacancy- $65.00
Maintenance- $55.00
CAP EX- $35.00
ROI- 14.68%
If purchased all cash no Mortgage you would expect to CASH FLOW- $523.91
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476 •
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. • All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
Status: AVAILABLE
Purchase Price: $78,000
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 baths
Square Feet: 1,540 sqft
Lot Size: .5640 Acres
Year Built: 1955
Occupancy Status: Rented- Sec 8 1 yr lease
PROPERTY DESCRIPTION
This is a 3 Bedroom 1 1/2 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, New HVAC, NEW ROOF, ceramic tile in kitchen, Den, Laundry room and bathrooms, plank hard wood floors, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.
List Price – $78,000
Built- 1955
Currently Rented for $850 a Month- Sec 8 1 yr lease
Property Management Fee $68 a Month
CITY and COUNTY TAXES ONLY – $68.84 a Month
Insurance Quote -$34.25 a Month
Vacancy- $65.00
Maintenance- $55.00
CAP EX- $35.00
ROI- 14.68%
If purchased all cash no Mortgage you would expect to CASH FLOW- $523.91
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476 •
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. • All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 3004 Carnes Ave
Interior Features |
|---|
Interior Details BasementAtticNumber of Rooms: 6Ceiling Fan |
Heating & Cooling Heating: Other, OtherAir ConditioningCooling System: CentralHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 1 |
Appliances & Utilities Cable Ready |
Fireplace & Spa Fireplace |
Exterior Features |
|---|
Exterior Home Features Roof: CompositionExterior: BrickFoundation Type: Crawl Raised |
Parking & Garage GarageParking: Carport, Garage |
Property Information |
|---|
Year Built Year Built: 1961Year Updated: 2018 |
Property Type / Style Property Type: Single Family HomeArchitecture: Other |
Community |
|---|
Units in Building: 1 |
Lot Information |
|---|
Lot Area: 0.56 acres |
Price History for 3004 Carnes Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/25/2020 | $79,559 | Sold | N/A |
| 02/09/2018 | $20,001 | Sold | N/A |
| 01/11/2018 | $16,000 | Listed For Sale | Agent Provided |
| 01/24/2014 | $0 | ListingRemoved | Agent Provided |
| 01/23/2014 | $69,721 | PriceChange | Agent Provided |
| 01/07/2014 | $17,500 | PriceChange | Agent Provided |
| 01/05/2014 | $0 | Listed For Sale | Agent Provided |
| 08/31/2007 | $64,500 | Sold | N/A |
| 11/30/2006 | $27,500 | Sold | N/A |
| 01/27/2006 | $66,545 | Sold | N/A |
| 02/21/2003 | $64,000 | Sold | N/A |
| 01/14/2003 | $30,200 | Sold | N/A |
| 03/20/2002 | $41,409 | Sold | N/A |
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | |
| Assessment | $73,700 |
Home facts updated by county records
Comparable Sales for 3004 Carnes Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Single-Family Home | $92,500 | 12/04/23 | 3 | 2 | 1,271 | |
0.22 | Single-Family Home | $69,000 | 03/21/24 | 3 | 2 | 1,092 | |
0.33 | Single-Family Home | $138,000 | 07/26/23 | 3 | 2 | 1,528 | |
0.13 | Single-Family Home | $66,800 | 08/07/23 | 3 | 1 | 1,044 | |
0.17 | Single-Family Home | $134,300 | 02/02/24 | 4 | 1.5 | 1,183 | |
0.58 | Single-Family Home | $82,570 | 06/08/23 | 3 | 2 | 999 | |
0.15 | Single-Family Home | $80,000 | 01/05/24 | 2 | 1 | 1,020 | |
0.21 | Single-Family Home | $143,189 | 02/09/24 | 3 | 1 | 1,200 | |
0.22 | Single-Family Home | $145,000 | 11/03/23 | 3 | 1 | 1,200 | |
0.19 | Single-Family Home | $95,000 | 10/24/23 | 2 | 1 | 1,184 |
Home facts updated by county records
Assigned Schools
These are the assigned schools for 3004 Carnes Ave.
- Arrow Academy Of Excellence
- K-5
- Charter
- 111 Students
4/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Melrose High School
- 9-12
- Public
- 766 Students
1/10GreatSchools RatingParent Rating AverageN/AParent Review14y ago - Sherwood Middle School
- 6-8
- Public
- 854 Students
2/10GreatSchools RatingParent Rating AverageSherwood,middle is about the worses!school in the( united states)!the staff,(DONOT)!CARE! AT-ALL! they say things that are not TRUE! I,am a witness!the students,bully! my,CHILD!NOTHING!IS DONE!-i'm sick&tired!of,it.......so is my child!!!!Parent Review10y ago 
Check out schools near 3004 Carnes Ave.
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Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about East Memphis-Colonial-Yorkshire
- Mr.exxxtra
- Resident
- 3mo ago
"Greatest place in Memphis to live . Great public open areas. Very dog friendly place and close to everything in Memphis "
- Trulia User
- Visitor
- 6mo ago
"its a good area there some cheap gardeners there people are friendly quiet and it's good for Halloween my kids go trick or treating there other kids go to and so much candy"
- Trulia User
- Resident
- 1y ago
"its family oriented and I love the murals and the culture in this particular community I love everything about the community the easy if finding stores and restaurants in the area. the community has come a lo g way and I'm have been living here since 2013."
- Trulia User
- Prev. Resident
- 1y ago
"Safety is always important. So it’s important to keep that in mind when moving to a new neighborhood "
- Trulia User
- Resident
- 2y ago
"Green line great for walks close to midtown and commercials. Common streets with medium traffic. The view are gorgeous with. Different kind of trees and bits singing."
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Homes for Rent Near 3004 Carnes Ave
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Off Market Homes Near 3004 Carnes Ave
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- SOLDAPR 17, 2024Fast Track Realty, LLC, MAAR
- SOLDAPR 15, 2024The Stamps Real Estate Company, MAAR
See more homes for sale inMemphisTake a look
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3004 Carnes Ave, Memphis, TN 38111 is a 3 bedroom, 2 bathroom, 1,540 sqft single-family home built in 1961. 3004 Carnes Ave is located in East Memphis-Colonial-Yorkshire, Memphis. This property is not currently available for sale. 3004 Carnes Ave was last sold on Mar 25, 2020 for $79,559. The current Trulia Estimate for 3004 Carnes Ave is $158,200.