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2164 Cowden Avenue Memphis, TN 38104
Welcome to 2164 Cowden Ave, Memphis – a prime investment opportunity in one of the hottest areas for short-term rentals. This fully furnished property offers tremendous potential for generating substantial rental income, with the current owners not having had the time to fully capitalize on this revenue stream.
The entire property underwent significant renovations in 2023, combining modern upgrades with the preservation of its original character. The main house features 2 large bedrooms and 1 bathroom, with beautifully restored hardwood flooring throughout and elegant tile in the bathroom. The spacious kitchen is equipped with new appliances and ample counter and cabinet space, making it highly attractive to potential renters. Additional highlights include a separate breakfast nook, a dedicated laundry area, a formal dining room, and a welcoming front living room. The two bedrooms offer plenty of closet space, with the second bedroom featuring a distinct alcove suitable for a small office or separate sitting area.
The detached carriage house, a stylish studio, has its own separate entrance through the yard. This space is perfect for generating additional rental income, whether through short-term or long-term rentals.
Located in the heart of Midtown Memphis, this property provides unparalleled access to a vibrant lifestyle that appeals to a wide range of renters. It's just minutes away from the Memphis Zoo, historic Overton Park, and the lively entertainment districts of Cooper-Young Historic District, Crosstown Concourse, and Overton Square. Midtown Memphis is renowned for its local restaurants, live music venues, unique shops, and art galleries, making it an attractive location for visitors and long-term tenants alike.
Don’t miss out on this incredible opportunity to own a high-potential rental property in a sought-after area. Unlock the full revenue potential of 2164 Cowden Ave today!
Sales Price:
$325,000
Occupancy Status:
Special Offer:
Type:
Bedrooms:
Bathrooms:
Square Feet:
Year Built:
Neighborhood Score:
Target Monthly Rent
Cash-On-Cash:
Monthly Cash Flow:
5-Year Projected Return:
Single-Family
3
2
1200
A
$3,833
14.20%
$1,038.03
$62,282