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6895 E Water Point Cv

Memphis, TN 38141
  • $425,000
  • STATUS: Pending
  • ON SITE: 5 Days
  • MLS #: 10222850
Pending
UPDATED: 26 min ago
$425,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1994
County:

School Ratings & Info

Description

Investor Opportunity! Owner/Agent offering a unique portfolio sale consisting of 5 income-producing homes on 3 parcels: 4106 Knight Arnold Rd, 4946 Churnak Cove, and 6895 E Water Point Cove. Portfolio includes 2 cottages and 3 single-family homes, all currently occupied by long-term tenants on month-to-month leases. Immediate rental income in place with flexibility for future repositioning, rent adjustments, renovations, resale, or continued investment hold. Properties are located in multiple areas of Memphis, providing diversification within a single acquisition. Excellent opportunity for investors seeking cash flow from day one while retaining the option to make future improvements or ownership changes as leases expire. Properties are being sold together as a package. Do not disturb tenants. Showings and inspections subject to accepted contract and seller approval. Proof of funds or lender qualification required with offers. Contact agent for parcel information, rent roll, or other.

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© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-07T19:03:11.83.
www.redsearealtyco.com/homes/177093366
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6895 E Water Point Cv Memphis, TN 38141

  • Price: $425,000
  • Status: Pending
  • On Site: 5 Days
  • Updated: 26 min ago
  • MLS #: 10222850
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1994
Built
Neighborhood:
LAKE POINT (THE VILLAGE OF)
County:
Shelby
Area:
Germantown Extended/State Line
Property Description
Investor Opportunity! Owner/Agent offering a unique portfolio sale consisting of 5 income-producing homes on 3 parcels: 4106 Knight Arnold Rd, 4946 Churnak Cove, and 6895 E Water Point Cove. Portfolio includes 2 cottages and 3 single-family homes, all currently occupied by long-term tenants on month-to-month leases. Immediate rental income in place with flexibility for future repositioning, rent adjustments, renovations, resale, or continued investment hold. Properties are located in multiple areas of Memphis, providing diversification within a single acquisition. Excellent opportunity for investors seeking cash flow from day one while retaining the option to make future improvements or ownership changes as leases expire. Properties are being sold together as a package. Do not disturb tenants. Showings and inspections subject to accepted contract and seller approval. Proof of funds or lender qualification required with offers. Contact agent for parcel information, rent roll, or other.
Exterior Features

Buildings 5 Construction BrickBrick/Veneer Foundation Slab Lot Size 0x0 Misc Exterior Partically Fenced Parking Facility ConcreteOffsite/Street Roof Composition

Interior Features

Appliances Equipment Other (See REMARKS) Cooling Systems Other (See Remarks) Floors And Ceilings Partial CarpetTile Heating Systems Other (See Remarks) Hot Water Other (See REMARKS) Laundry Connections

Property Features

1 Bedroom Units 0 2 Bedroom Units 1 3 Bedroom Units 2 Actual Annual Rent 4695 Annual City Tax 0 Annual County Tax 1377 Assumption No Assumption Efficiency Studio Units 2 Existing Financing Clear Legal Subdivision Name THE VILLAGE OF LAKE POINT Lot Number 120 Multifamily Type Other (See REMARKS) New Financing Conventional Operating Expenses Other (Call LA) Other Units 0 Percent Occupancy 100 Possession Tenants Rights Sale Includes Building and LandNo FurnishingsSome AppliancesSome Equipment Source Of Info Owner Tenant Pays Other (Call LA) Type Of Leases MonthlyOther (Call LA) Type Of Units 2 BR - 1+ Baths3 BR - 1+ BathsEfficiency/Studio

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of Harbur Realty: 901-878-3308.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-06-07T19:03:11.83.
 
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Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654