Description
Turnkey investment opportunity. Tenant already in place through April 2027 and rented at $1,285/month. This 3BR/2BA home with 1,985 SF was fully renovated in 2022, including new roof, updated mechanicals, and all interior finishes. Low-maintenance property ideal for an investor seeking immediate cash flow and long-term rental potential. Spacious layout, updated condition, and established tenancy make this a strong addition to a rental portfolio. Please do not disturb tenant. No showings without an accepted offer.
Details
| MLS # | 10221477 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 134 |
| Listing Provided By | Heritage Homes Co. | Chad Woelke |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| Garage | 2 |
| Story(s) | 1 |
| Acreage | 0.32 |
| Property View | Chain Fenced, Level, Some Trees |
Interior
| Number Of Rooms | 6 |
|---|---|
| Cooling | Central |
| Heating | Central |
Exterior
| Roof | Composition Shingles |
|---|---|
| Foundation | Conventional |
| Lot Description | Chain Fenced, Level, Some Trees |
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727A |
| Community Name | UNIVERSITY RD |
| Listing VS Median (in UNIVERSITY RD) | |
Price: $160,000 low | high Med: $0 On site: 134 low | high Med: | |
Market Activity 38127
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727A |
| Community Name | UNIVERSITY RD |
| Listing VS Median (in UNIVERSITY RD) | |
Price: $160,000 low | high Med: $0 On site: 134 low | high Med: | |
Nearby Listings (Within 1/4 mile)
Price: $120K - $200K
sqft: 0 - 0
Listing Updated: September 9, 2026 at 5:19:42 PM PDT