$117,000
 $628 est/mo Sourced by Back At You

123 Loraine Rd,Memphis, TN 38109

Memphis, TN 38109

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Description

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

Details

MLS #10204432
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1972
Days On Site379
Listing Provided BySTIXNBRIX | Heath Gooch

Features

Bed(s)3
Bath(s) 1 Total
PoolYes
Story(s)1
Acreage0.15
Property ViewChain Fenced, Level

Interior

Number Of Rooms5
Cooling220 Wiring, Central
HeatingCentral, Gas
Misc InteriorAll Window Treatments, Attic Access, Cat/Dog Free House, Pull Down Attic Stairs, Smoke Detector(s)

Exterior

RoofComposition Shingles
SecurityDead Bolt Lock(s), Iron Door(s), Smoke Detector(s)
FoundationSlab
Lot DescriptionChain Fenced, Level

Area Information

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaWhitehaven | Fairley
Subarea767C
Community NameSMITH & TURLEY
Sourced by Back At You

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Learn More About This Property

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaWhitehaven | Fairley
Subarea767C
Community NameSMITH & TURLEY
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $87K - $146K
sqft: 0 - 0
Listing Updated: September 9, 2026 at 11:16:04 AM PDT
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