2,153

Memphis, TN Homes for Sale under $400,000

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  • /22

    $168,000

    • 2 Beds
    • 1.5 Baths
    • 1,172 Sq Ft

    5845 Park Ave Unit 5845, Memphis, TN 38119

    Own a corner unit at Chatham Village! Gated condo with a neighborhood pool. This 2 bed/ 1.5 bath unit was recently renovated. Quartz countertops new cabinets, under cabinet lighting, and recessed lighting. Private patio for sitting outside and relaxing or gardening. Large bedrooms, washer and dryer in a laundry closet upstairs.

    Amanda Kirkman KAIZEN Realty, LLC

    5845 Park Ave Unit 5845, Memphis, TN 38119
  • /26

    $222,500

    $8K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,302 Sq Ft

    3379 Canyon Rd, Memphis, TN 38134

    Great home with several updates. New HVAC installed in 2023, recently renovated bathrooms with beautiful tile, newer cabinets and light fixtures throughtout. Updated kitchen, gas cooking. All appliances stay minus washer and dryer. This home was converted from a 4 bedroom 1.5 baths to 3 bedrooms and 2 full baths in 2021 and 2022 renovations. 2-car garage. Smooth ceilings. The Master bath alone is

    Grant Moore Enterprise, REALTORS

    3379 Canyon Rd, Memphis, TN 38134
  • /37

    $338,000

    Open Sat 12PM - 2PM $1K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 2,649 Sq Ft

    7656 Glen Laurel Way, Memphis, TN 38125

    PRICE REDUCTION. Welcome to this beautifully designed 4 bedroom, 2.5 bathroom home in the elevated gated community of Stonebriar, offering a perfect blend of comfort and style. The striking iron front double doors create a grand and inviting entrance, leading into a spacious living room with soaring ceilings and expansive windows that fill the space with natural light. The eat-in kitchen features

    Jeff Goff Keller Williams

    7656 Glen Laurel Way, Memphis, TN 38125
  • /17

    $251,900

    $21K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 2,311 Sq Ft

    8275 Cypress Bend Cove, Memphis, TN 38125

    This is the one! County taxes only!!! Look no further... All bedrooms are located up, including Master.. The home features 4 bedrooms, 2.5 bathrooms, living room with a cozy fireplace, separate dining room and a nice eat-in-kitchen. Let's not stop there---- this gem also boasts a perfectly sized fenced in backyard, ideal for family and friends to gather, especially during holiday cookouts. Must

    LaQuita Rucker Crittenden Realty, LLC

    8275 Cypress Bend Cove, Memphis, TN 38125
  • /23

    $224,900

    Open Sun 2PM - 3:30PM
    • 3 Beds
    • 2.5 Baths
    • 1,879 Sq Ft

    6942 Amberly Rd, Memphis, TN 38119

    Welcome to easy living in this charming townhome located in the heart of East Memphis! Tucked away in a beautifully maintained community, this home offers access to a sparkling neighborhood pool and a low-maintenance lifestyle. Inside, you'll find a spacious kitchen with abundant cabinet and counter space, stainless steel appliances, and a functional layout perfect for everyday living and

    Lana Fowler Real Estate Agency

    6942 Amberly Rd, Memphis, TN 38119
  • /2

    $190,000

    • 4 Beds
    • 2 Baths
    • 2,525 Sq Ft

    726 Harahan Rd, Memphis, TN 38109

    This 4-bedroom, 2-bath brick home spans 2,525 sq ft and delivers immediate value. New HVAC 2025. New furnace. New roof — 4 years old. New electric panel. New insulation. New subflooring. New LED lighting throughout. Vinyl flooring in living areas. Tile in primary bedroom. The numbers work from day one — currently occupied with weekly rental tenants generating consistent income. This property is

    Maria Richardson BEST Real Estate Company

    726 Harahan Rd, Memphis, TN 38109
  • /33

    $310,000

    $19K PRICE DROP
    • 5 Beds
    • 3.5 Baths
    • 2,665 Sq Ft

    8497 Bergen Cove, Memphis, TN 38018

    Massive opportunity to buy a a great house in Walnut Grove Lakes with $50k+ upside equity potential after buyer makes their own updates reflecting their vision for the home. Price reflects updates needed to wallpaper, paint and minor repairs around the home. Nestled at the end of a quiet cove in the sought-after Walnut Grove Lake community, this 5-bedroom, 3.5-bath home offers ~2,600 sq ft plus a

    Eric Bell REMAX Experts

    8497 Bergen Cove, Memphis, TN 38018
  • /18

    $394,900

    • 3 Beds
    • 3 Baths
    • 1,499 Sq Ft

    93 N Rembert St, Memphis, TN 38104

    Don't miss this rare opportunity to buy a historic 1920's farm house fully renovated with a back house move in ready live in main house and or rent back house or keep property as it is fully functional Airbnb go to website see Hallelujah House-Memphis. Home is also seen in the recent Sundance documentary "It's never over." Home is a block from Overton Shell/Memphis Zoo and the Original Hi-Tone

    dave scott BHHS Taliesyn Realty

    93 N Rembert St, Memphis, TN 38104
  • /13

    $104,900

    $20K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,081 Sq Ft

    838 Crockett Place, Memphis, TN 38107

    Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No wholesaler or assignment of contract offers will be accepted.

    Dean Harris CrestCore Realty MphsBrokerage

    838 Crockett Place, Memphis, TN 38107
  • /19

    $209,900

    • 3 Beds
    • 2 Baths
    • 1,719 Sq Ft

    5648 Rensslaer Dr, Memphis, TN 38135

    Opportunity awaits with this spacious 3-bedroom, 2-bath home featuring a desirable layout with two bedrooms and a full bath on the main level and a private upstairs primary suite with its own bath. The vaulted great room showcases plenty of natural light, exposed beam accent, and a stone wall with gas fireplace. The kitchen includes all appliances. The property also offers a detached

    Nikki Barham Town and Country

    5648 Rensslaer Dr, Memphis, TN 38135
  • /33

    $370,000

    • 5 Beds
    • 3 Baths
    • 2,900 Sq Ft

    6348 Eastbrier Dr, Memphis, TN 38135

    Welcome to 6348 Eastbrier Drive. If you've been looking for a spacious home, this is a must see. It features 5 bedrooms, 3 full baths, and nearly 3,000 square feet of living space. This home is partially carpeted with newly installed flooring. The primary bedroom features a modern style shower. This home features spacious closets in every room for all of your storage needs. The kitchen is stylish

    Trelise Guest C21 Patterson & Assoc. Real Es

    6348 Eastbrier Dr, Memphis, TN 38135
  • /40

    $209,900

    $15K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,765 Sq Ft

    21 N Fenwick Rd, Memphis, TN 38111

    This charming home in the desirable Chickasaw Gardens area has so much to offer! Surrounded by beautiful mature trees, the property features a large fenced backyard that’s perfect for relaxing, entertaining or enjoying the outdoors. Inside, you’ll find beautiful hardwood floors, fresh modern paint & an abundance of natural light throughout. The spacious kitchen is truly the heart of the home,

    Brook Loper 901 Properties

    21 N Fenwick Rd, Memphis, TN 38111
  • /30

    $325,000

    • 3 Beds
    • 2 Baths
    • 1,643 Sq Ft

    5251 Princeton Rd, Memphis, TN 38120

    Welcome home to this beautifully updated brick ranch in a quiet, tree-lined East Memphis neighborhood! The bold blue exterior and lush landscaping set the tone for the personality-filled interior. Step through the striking red front door into a layout that flows effortlessly from room to room. The living room features a classic white brick fireplace and warm hardwood floors. The updated kitchen

    Bryan Whitaker BHHS McLemore & Co. Realty

    5251 Princeton Rd, Memphis, TN 38120
  • /6

    $149,000

    $26K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,007 Sq Ft

    2506 Winnona Ave, Memphis, TN 38108

    Huge Price Improvement! Attention Investors: Beat 1% rule! Renovated 4-bedroom-1-bath home with Section 8 tenant. This property presents a great opportunity for investors looking to generate rental income. The home offers a functional layout with four bedrooms, providing plenty of space and flexibility. Whether you're expanding your rental portfolio or looking for a property with strong income

    Angelita Parham KAIZEN Realty, LLC

    2506 Winnona Ave, Memphis, TN 38108
  • /14

    $164,900

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,317 Sq Ft

    1664 Nelson Ave, Memphis, TN 38114

    Located in the vibrant Cooper-Young area, this charming 3-bedroom, 2-bath home sits on a corner lot directly across from a park, offering both character and convenience in one of Memphis’ most sought-after and growing communities. This home features a welcoming wrap-around porch, perfect for relaxing and enjoying the neighborhood atmosphere. Inside, you’ll find a living room, formal dining room,

    Ben Strauch Skyline Realty

    1664 Nelson Ave, Memphis, TN 38114
  • /25

    $168,000

    $7K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 870 Sq Ft

    384 Mulberry St Unit 203, Memphis, TN 38103

    IMPROVED PRICE! FHA FINANCING APPROVED! S Main condo. FOR PURCHASE OR LEASE. Great location situated in the heart of S Main, this end unit offers convenience & comfort. Step inside to find everything freshly updated - 2 BR & 1 beautifully renovated bathroom. The open living areas feature hardwood floors & bedrooms have brand new carpet. The kitchen is equipped w/a new range, new microwave, new

    Stacey Berry Crye-Leike, Inc., REALTORS

    384 Mulberry St Unit 203, Memphis, TN 38103
  • /40

    $385,900

    $20K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 3,038 Sq Ft

    386 N Highland St, Memphis, TN 38122

    Unbeatabel location in the heart of High Point Terrace. This one-story offers character plus peace of mind: updated kitchen,seperate living room with wood burning fireplace, roof 7years old, HVAC approx. 8 years, tankless water heater, and gated driveway. The gunite pool gives you instant backyard appeal. Needs cosmetic updates to reach full potential, but core systems are newer-ideal for buyer

    Terresa Proctor United Real Estate Mid South

    386 N Highland St, Memphis, TN 38122
  • /23

    $289,900

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,238 Sq Ft

    4108 Hilldale Ave, Memphis, TN 38117

    At $134/sq ft, here is the best value in all of Hedge Hills and Pidgeon Estates! Well-maintained 3 br, 2 ba., 2238 sq. ft. Large addition with great room, bedroom, and laundry room. Tankless water heater. Smooth ceilings. Hardwood throughout. Spacious eat-in kitchen. Fenced-in back yard with green house and storage unit. All appliances including washer dryer can convey. Use your vision for

    Christian Townsend Renshaw Company, REALTORS

    4108 Hilldale Ave, Memphis, TN 38117
  • /29

    $264,900

    $14K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,733 Sq Ft

    5037 Dee Rd, Memphis, TN 38117

    Recently updated roof and hot water heater, along with refreshed lighting and upgraded stainless steel appliances. Located in this desirable pocket of Colonial Acres, this home offers warmth and charm throughout with new tile in the shower, fresh interior paint, and new carpet. The spacious kitchen features granite countertops and flows seamlessly into a generous hearth room with a cozy

    Ward Walthal Marx-Bensdorf, REALTORS

    5037 Dee Rd, Memphis, TN 38117
  • /24

    $139,900

    $10K PRICE DROP
    • 4 Beds
    • 1 Bath
    • 1,254 Sq Ft

    1744 Tahiti Ln, Memphis, TN 38117

    Hardwood floors, a spacious backyard, and classic East Memphis charm — this 4-bedroom, 1-bath home has the kind of character that's hard to find at this price point. With 1,254 sq ft of living space and a backyard built for entertaining, this home is ready for its next chapter. Nestled in an established neighborhood just minutes from Poplar, White Station, and everything East Memphis has to

    Ryan Harrell Premier Realty Group, LLC

    1744 Tahiti Ln, Memphis, TN 38117
  • /39

    $130,000

    • 3 Beds
    • 1 Bath
    • 1,402 Sq Ft

    3083 Cherry Rd, Memphis, TN 38118

    per seller roof about 3 years old, water heater is about 2 years old, 3 bedrooms + an extra room could be a 4th room, now is 1 bath (seller said used to have the half restroom.)

    Ngoc Quach Germantown Properties

    3083 Cherry Rd, Memphis, TN 38118
  • /40

    $190,000

    $10K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,594 Sq Ft

    3588 Bowen Ave, Memphis, TN 38122

    Welcome to this charming, fully renovated duplex offering exceptional flexibility and investment potential. Each side features 2 spacious bedrooms and 1 beautifully updated bathroom, creating comfortable and modern living spaces throughout. Live comfortably in one unit while generating rental income from the other, or lease both sides to maximize your return. Don't miss your chance to own a

    Karla Fayne Keller Williams

    3588 Bowen Ave, Memphis, TN 38122
  • /30

    $324,900

    $25K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,926 Sq Ft

    1023 Forrest Ave, Memphis, TN 38105

    Come see this TURN KEY READY-Fully renovated 4-bedroom, 2-bath home located between Uptown and Crosstown. This adorable home has been used as a profitable Short term rental. The renovations includes all-new plumbing, electrical, HVAC systems, water heater, roof, windows, and flooring throughout. Interior features granite countertops, new kitchen appliances(that convey),washer and dryer, updated

    Mallory Salemi Epique Realty

    1023 Forrest Ave, Memphis, TN 38105
  • /29

    $325,000

    • 3 Beds
    • 2 Baths
    • 1,530 Sq Ft

    4788 Amboy Rd, Memphis, TN 38117

    Colonial Acres' absolute best find is back on the market! Want East Memphis? with luxury details in a moderately sized home? Here it is, a rare find! (1530 sqft) Everything updated, but no loss of charm. Dreamy, spacious kitchen, with gas cooking, stainless and quartz, tons of storage, walk-in laundry closet, pantry. Luxury primary bath with double vanity, huge glass shower and garden

    Cindy Leavell Marx-Bensdorf, REALTORS

    4788 Amboy Rd, Memphis, TN 38117
  • /22

    $149,900

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 912 Sq Ft

    3529 Marion Ave, Memphis, TN 38111

    Move-in ready and beautifully updated, this charming 2-bedroom, 1-bath home offers comfort, convenience, and versatility in a prime location near the college - University of Memphis. In addition to the two spacious bedrooms, the home features a flex room that can easily serve as a 3rd bedroom, home office, study space, or bonus room, making it ideal for a variety of lifestyles. Tasteful updates

    Mary Williams Coldwell Banker Collins-Maury

    3529 Marion Ave, Memphis, TN 38111
  • /10

    $264,900

    New Construction
    • 3 Beds
    • 2 Baths
    • 1,431 Sq Ft

    1740 Vesey Ave, Memphis, TN 38114

    Welcome to this beautiful 3-bedroom, 2-bath new construction located Cooper Young neighborhood — just minutes from vibrant shopping, dining, and entertainment. This thoughtfully designed home offers a split-bedroom layout for added privacy and an open-concept floor plan perfect for modern living. Enjoy a spacious 17x17 family room featuring a cozy fireplace, ideal for relaxing or making

    Cassandra Bell-Warren 4 Success Realty, LLC

    1740 Vesey Ave, Memphis, TN 38114
  • /15

    $250,000

    • 3 Beds
    • 2 Baths
    • 1,549 Sq Ft

    8784 Overcup Oaks Dr, Cordova, TN 38018

    An incredible investor opportunity! Charming 3-bed, 2-bath home with a garage in the heart of Cordova! This property features a unique, earthy-inspired primary bathroom that adds warmth and character. Enjoy a prime dining area and convenient breakfast bar, perfect for entertaining. Located within walking distance to Cordova Elementary and Cordova Middle.

    Shanice Williams KAIZEN Realty, LLC

    8784 Overcup Oaks Dr, Cordova, TN 38018
  • /13

    $160,000

    • 3 Beds
    • 2 Baths
    • 1,324 Sq Ft

    1036 Palermo Ave, Memphis, TN 38106

    Fully renovated and move-in ready, newly updated, offering a fresh start with extensive updates throughout. Buyers will appreciate the clean, modern finishes and the feeling of essentially "like-new" living inside an established setting. With nearly everything updated inside and outside, this property offers the rare opportunity to own a dramatically improved home without the wait or uncertainty

    Henry Valle-Castillo BHHS Taliesyn Realty

    1036 Palermo Ave, Memphis, TN 38106
  • /27

    $350,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,620 Sq Ft

    5151 Tarrytown Dr, Memphis, TN 38117

    Fall in love with this inviting home tucked away in a lovely neighborhood, where comfort and thoughtful updates make every day feel special. Featuring both a living room and a den, the flexible floor plan offers space to gather, relax, or work from home. The renovated kitchen opens to the living area and includes stainless steel appliances and a gas stove—perfect for meals made with care.

    Brandy Marek Grace and Grit Realty Co. LLC

    5151 Tarrytown Dr, Memphis, TN 38117
  • /6

    $295,000

    • Land
    • 1.33 Acres
    • $221,805 per Acre

    3042 Kirby Lakes Pkwy, Bartlett, TN 38134

    Perfect location for most commercial applications. This lot adjoins a 12 acre municipal lake with surrounding paved walking trails and is a short distance from Union Depot, a large planned commercial/retail/residential development which will include 622 residential units when completed and 6.6 acres of commercial property. Most scenic commercial parcel in Bartlett!!

    Gary Blume eXp Realty

    3042 Kirby Lakes Pkwy, Bartlett, TN 38134
  • /18

    $120,000

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    2717 Merle St, Memphis, TN 38118

    Move-in ready 2 bedroom, 1 bath brick home featurings numerous recent updates throughout. Improvements include new central heating and air, updated electrical and plumbing, new flooring, fresh interior and exterior paint, renovated bathroom, new kitchen cabinets, and washer and dryer connections. The roof has been professionally cleaned and the spacious yard offers plenty of room for outdoor

    Flor Bernal Crye-Leike, Inc., REALTORS

    2717 Merle St, Memphis, TN 38118
  • /7

    $125,000

    $44K PRICE DROP
    • Land
    • 7.1 Acres
    • $17,606 per Acre

    0 S Third Unit 8, Memphis, TN 38109

    Located along iconic S Third St/US-61, also known as historic Blues Highway, this 7.1-acre tract presents a rare opportunity to secure a highly visible, well-positioned piece of land in one of Memphis’s most recognizable corridors. With approximately 353 feet of frontage along S Third St and about 1,137 feet of frontage on Westview Rd, the property offers outstanding access, strong street

    Elijah King Coldwell Banker Commercial Kinard Realty

    0 S Third Unit 8, Memphis, TN 38109
  • /28

    $349,900

    $20K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 2,633 Sq Ft

    1556 Court Ave, Memphis, TN 38104

    Beautifully updated 4 BR/2.5 BA home in a prime Midtown location—just minutes from Crosstown, Overton Square, restaurants, and more! All bedrooms are upstairs, offering added privacy and a peaceful retreat for the whole family. Inside, enjoy a fully remodeled kitchen with stainless steel appliances, new flooring downstairs, fresh paint throughout, and modern updates including sleek fixtures in

    Stephen Mansour REMAX Experts

    1556 Court Ave, Memphis, TN 38104
  • /24

    $245,900

    • 3 Beds
    • 2.5 Baths
    • 1,646 Sq Ft

    7027 Boxborough Cove, Memphis, TN 38119

    This well-maintained home is tucked away in a quiet cove in a highly convenient East Memphis location, just minutes from shopping, restaurants, and easy access to I-385. The sellers have lovingly cared for this home for over 20 years. Inside, you’ll find a spacious living room with high ceilings that create an open and inviting atmosphere. The large garage includes an additional storage room for

    Jason Gao Pinnacle Realty

    7027 Boxborough Cove, Memphis, TN 38119
  • /8

    $169,900

    • 2 Beds
    • 2 Baths
    • 1,224 Sq Ft

    2428 Vollintine Ave, Memphis, TN 38108

    INVESTORS ONLY! Turnkey, cash-flowing duplex generating $1,500/month ($750 per unit) with leases in place through the end of the year. Both tenants are current and have a consistent payment history. Property was fully renovated in 2023, including a new roof, AC, furnace, water heater, plumbing, electrical updates, and cosmetic improvements. Professionally managed—tenant ledger and maintenance

    Jeremy Veldman KAIZEN Realty, LLC

    2428 Vollintine Ave, Memphis, TN 38108
  • /22

    $295,000

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft

    862 Radiance Dr, Cordova, TN 38018

    A traditional stunner reborn from top to bottom, this three bed, two bath masterpiece blends timeless charm with modern luxury, Step inside to discover a fully reimagined interior where every surface, fixture and finish feels fresh, elegant, and intentionally crafted. Sunlit living spaces flow effortlessly through a layout designed for both comfort and style. The real showstopper is the

    Jill McKnatt Coldwell Banker Collins-Maury

    862 Radiance Dr, Cordova, TN 38018
  • /31

    $119,900

    $10K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,451 Sq Ft

    3558 Northmoor Ave, Memphis, TN 38128

    Spacious 3-bed, 1-bath ranch on a massive 0.37-acre level lot. Features 1,452 sq. ft. of functional living space in a quiet North Memphis setting. Excellent location near Raleigh Springs Marketplace with quick highway access. Great opportunity for investors or first-time buyers seeking a solid home with plenty of outdoor space.

    Alexis Martz Trelora Realty

    3558 Northmoor Ave, Memphis, TN 38128
  • /31

    $355,000

    $5K PRICE DROP
    • 3 Beds
    • 3.5 Baths
    • 1,989 Sq Ft

    1266 Isle Pointe Dr, Memphis, TN 38103

    Welcome to this beautiful Harbor Town home featuring 3 bedrooms and 3 full plus half bath thoughtfully designed for comfortable living. Relax on the inviting front porches and enjoy the spacious family room, perfect for gathering with family and friends. The separate dining room flows seamlessly into the kitchen, which offers abundant cabinetry and storage space. A dedicated laundry room adds

    Joshua Hisaw Keller Williams

    1266 Isle Pointe Dr, Memphis, TN 38103
  • /21

    $209,900

    Open Sat 3PM - 4:30PM
    • 2 Beds
    • 1 Bath
    • 900 Sq Ft

    149 S Holmes St, Memphis, TN 38111

    This charming cottage conveniently located in the Buntyn neighborhood, ideally situated between Midtown and East Memphis and just minutes from the University of Memphis. This central location offers easy access to local dining, shopping, entertainment, and major employers while maintaining being a part of an established residential community. Inside, the home has been recently painted throughout,

    Stephanie Taylor Sowell, Realtors

    149 S Holmes St, Memphis, TN 38111
  • /17

    $119,999

    • 3 Beds
    • 1.5 Baths
    • 1,357 Sq Ft

    4090 Longhollow Dr, Memphis, TN 38128

    THIS GEM NESTLED IN TWIN LAKES SUBDIVISION IS A GREAT OPPORTUNITY FOR A INVESTOR LOOKING FOR THEIR NEXT FLIP OR A OWNER OCCUPANT SEEKING A DIAMOND TO POLLISH AND CALL IT HOME. AS IS SALE. THIS PROPERTY WILL NOT GO FHA. NO WHOLESALERS, NO CREATIVE FINANCNG, NO BLIND OFFERS, AND NO ASSIGNMENTS. SELLER IS CLOSING WITH HOME SURETY AND THEY WILL HOLD EARNEST MONEY. USE DISCLOSURES INCLUDED. EMAIL

    Fredrick Cunningham Keller Williams

    4090 Longhollow Dr, Memphis, TN 38128

Showing Results 401 - 440, Page 11 of 18

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