The Home Buyer's Korner

Information presented should be used for educational purposes only.

October 20th, 2015
Allison Pierce

Contact Allison Pierce for more information at: (901) 489-1840

2553 Tutwiler, Memphis, Tennessee 38112 

2553 Tutwiler Memphis TN

The median price for homes in the Tutwiler area is $56,354, which is less expensive than 97.6 percent of Tennessee neighborhoods and 97.4 percent of all U.S. neighborhoods.

The average rental price in Summer Ave/N Merton St area is currently $801, and rents here are currently lower in price than 52.0 percent of Tennessee neighborhoods.

This duplex is located in a suburban neighborhood of Memphis, commonly referred to as the Summer Ave/N Merton St area and a suburban neighborhood located in Memphis, Tennessee primarily made up of small two bedroom to medium sized three or four bedroom single-family and multifamily homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Summer Ave/N Merton St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. This neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 49.0 percent. This is a higher percent living alone than we found in 96.4 percent of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, some might be attending university at nearby Rhodes College or senior citizens who have lost a spouse.

The residents in the Summer Ave/N Merton St neighborhood in Memphis earn modest incomes.

In the Summer Ave/N Merton St neighborhood, 36.5 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.4 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 22.2 percent, and 16.9 percent in clerical, assistant, and tech support occupations. 

If you’re looking to increase your real estate investment portfolio this duplex might be just what you’re looking for. It’s currently 100 percent occupied; has a positive cash flow, just one mile from Rhodes College, and  1 block from Summer. Don’t miss this opportunity!

VISIT OUR GREATER MEMPHIS AREA

HOMES FOR SALE LISTINGS

Livingston Homes for Sale

TENNESSEE HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen you will

have the option to “Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-Ops Townhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance Memphis 38112

Join us at Real Estate Social

Comments are closed.