Renter in place - Please do not approach the home!
MidSouth Home Buyers is a professional property management company serving the Memphis, Dallas, and Little Rock markets. This property is being offered as a turnkey investment with a tenant already in place, currently paying $1,995 per month. The asking price reflects the understanding that MidSouth Home Buyers will continue managing the property after closing, providing the new owner with a seamless, hands-off investment experience. Our experienced team handles rent collection, tenant communication, maintenance coordination, and the day-to-day management of the property, allowing you to enjoy passive rental income from day one with confidence and peace of mind.
For sale by owner
$240,725
220 Redwood Rd, Princeton, TX 75407
--beds
--baths
3,441Square Feet
VacantLand
Built in 2025
3,441 Square Feet Lot
$260,000 Zestimate®
$--/sqft
$42/mo HOA
Overview
What the owner loves about this home
Beautifully renovated and thoughtfully upgraded, this home combines quality materials, modern finishes, and dependable systems designed for long-term value. Features include a 10-year transferable slab warranty, new architectural 30-year Mystique two-tone shingle roof, and new JELD-WEN vinyl windows offering excellent thermal performance and fade resistance. Major systems include a new Ruud 2.5-ton HVAC with a 10-year warranty, AO Smith Signature 40-gallon water heater, freeze-proof PEX plumbing, and Siemens all-weather electrical panel. The home features Sherwin-Williams ProMar 400 paint, Armstrong American Charm vinyl flooring, carpeted bedrooms, an impressive 11-foot vaulted living room ceiling, and a decorative recessed primary bedroom ceiling. Additional upgrades include Harbor Breeze ceiling fans, Halo Disc lighting, Kwikset easy-rekey hardware, cordless blinds, and a separate laundry room with washer/dryer hookups.
The kitchen offers quality cabinetry with hidden hinges and crown molding, hard-surface countertops, a kitchen island, ProFlow deep double-bowl stainless-steel sink, Delta chrome faucets, and stainless-steel appliances including range, dishwasher, microwave, and GE refrigerator. Bathrooms feature Empire granite vanities, Premier stainless faucets, Eljer ivory porcelain toilets, and Delta chrome showerheads. The primary suite includes a large shower and walk-in closet. Outside, enjoy a fully fenced yard with new landscaping.
THE TRIPLE 5
Finance a new MidSouth home and receive a MidSouth-funded rate buydown to as low as 5%*, plus 5% property management—half our standard rate—for five full years. Paying cash? Ask about Forever 5: receive 5% property management for as long as you own the home, plus special cash pricing. A turnkey investment opportunity combining quality renovations, professional management, and exclusive investor incentives.
- 23 hours
- 19
- 0
Listed by:
Property Owner (901) 563-4485
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 3,441 Square Feet
Details
- Parcel number: R1365400G01101
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $42 monthly
Location
- Region: Princeton
Financial & listing details
- Tax assessed value: $12,500
- Annual tax amount: $180
- Date on market: 9/4/2026
Estimated market value
$260,000
$244,000 - $276,000
$2,098/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $240,725 |
Source: Owner Report a problem | ||
| 3/16/2026 | Listing removed | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 2/20/2026 | Price change | $1,995-1.2% |
Source: Zillow Rentals Report a problem | ||
| 2/13/2026 | Price change | $2,020-1.5% |
Source: Zillow Rentals Report a problem | ||
| 12/2/2025 | Listed for rent | $2,050 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $180 | $12,500 |
Find assessor info on the county website
Monthly payment
Est. payment







