Description
Solid brick 3 bedroom, 1.5 bath home in Memphis's Frayser area, offered as a turnkey investment property. A long-term tenant is currently in place, paying $800/month, with the lease running through 7/30/27 - locking in stable rental income well beyond closing with no vacancy or lease-up risk for the new owner. Property will not be shown until an offer is accepted - buyer to underwrite on rent roll and photos, with inspection contingency as needed. Cash or conventional financing only; no creative financing (no seller financing, subject-to, wraps, or lease-options will be considered). Highlights: 3 bed / 1.5 bath, brick construction Frayser area of Memphis Long-term tenant in place, leased through 7/30/27 Current rent: $800/month No showings prior to accepted offer Cash or conventional financing only - no creative financing
Details
| MLS # | 10230879 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 44 |
| Listing Provided By | Renshaw Company, REALTORS | Caleb Parr |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| Garage | 1 |
| Story(s) | 1 |
| Property View | Level |
Interior
| Number Of Rooms | 4 |
|---|---|
| Cooling | Central |
| Heating | Central |
Exterior
| Roof | Composition Shingles |
|---|---|
| Foundation | Conventional |
| Lot Description | Level |
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser North |
| Subarea | 725. |
| Community Name | Northwood Village |
| Listing VS Median (in Northwood Village) | |
Price: $79,900 low | high Med: $0 On site: 44 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 North |
| Subarea | 725. |
| Community Name | Northwood Village |
| Listing VS Median (in Northwood Village) | |
Price: $79,900 low | high Med: $0 On site: 44 low | high Med: | |
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