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$650,000

14275 State Hwy 256, Memphis, TX, 79245

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths4 Bath
Year BuiltBuilt in 1990

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
AppliancesRefrigerator, Double Oven, Dishwasher, Cooktop

Building Information

Garage Spaces2

About this property

TWO RESIDENCES ON 5.10 ACRES! Exceptional country property near Memphis featuring a spacious main residence, separate furnished Airbnb, substantial barn/shop, and equine facilities. The main home offers 3 bedrooms, 4 bathrooms, a finished basement, living room, separate family room, and expansive enclosed sunroom. Two fireplaces include one in the living room and a distinctive double-sided fireplace opening into both the family room and sunroom. The kitchen features stainless steel appliances, double ovens, induction cooktop, and dishwasher. Refrigerator does not convey. Additional amenities include an attached 2-car garage and 2-car carport. The separate brick guesthouse, currently operating as an Airbnb, conveys fully furnished and features 3 bedrooms, 1 full bath, an ....see more.... additional toilet-only quarter bath, living room, kitchen, dining area, laundry room, and attached garage. The impressive barn features electricity, concrete floors, 3 overhead doors, and 2 walk-in doors including a separate shop area. Additional improvements include a large equine shed, smaller horse shed, and horse trap. Mature shade trees, established landscaping, and an underground sprinkler system supplied by a private water well enhance the grounds. Both residences have city water, while the well supplies outdoor water needs. Ideal for country living, horses, extended family accommodations, guests, or continued short-term rental use. A distinctive property offering space, functionality, and numerous possibilities! SHOWING REQUIREMENTS & PROPERTY ACCESS Shown by appointment only, with a minimum of 24 hours' advance notice. All prospective buyers must provide a Pre-Qualification Letter, Pre-Approval Letter, or a Bank Letter verifying proof of available funds prior to any showing. NO TRESPASSING. Do not enter or access the property without being accompanied by the Listing Agent or another licensed real estate agent who has received written permission from the Listing Agent. The property is exclusively listed with Chad Holland Real Estate. All inquiries, showing requests, and purchase offers must be directed through the Listing Agent. Please respect the owners' privacy and do not contact them directly.

Investor Tools

$0Estimated Mortgage Balance
$650,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Camie Holland

Chad Holland Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Memphis

14275 State Hwy 256 | Property Details | No Agent List