$79,900
$5K PRICE DROP

112 E Fernwood Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated payment $449/month

Total Views 1,141
2 Beds
1 Bath
1,000-1,199 Sq Ft
$67 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Porch
  • Level Lot
  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

Investor-Friendly Cashflow Opportunity! Just steps from the beautiful 10-acre Belz Park, this 1185 sq foot home is a 2 Bed and 1 bath single-family home (with option of 3rd BR upstairs) is a solid, income-producing property. Recent upgrades include a roof under 7 years old, NEW HVAC (2021), and new water (2020). Home is professionally managed and leased through August 2026 with tenant paying $895 a month. Call listing agent for details. Please do not disturb tenants!

Listing Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 07/28/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $272

Year Built

  • Built in 1947

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 59x135
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,157 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Mcgehee & Pilley Re Blk 40 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050056 00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$272

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747C
  • MAAR Subdivision Name: MCGEHEE & PILLEY BLK 40
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1157
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 7
  • Acreage: 0.18
  • Lot Size: 59X135
  • Price Per Acre: 443889
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 050056 00018

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $272 $24,075 $2,000 $22,075
2024 $272 $8,025 $1,000 $7,025
2023 $489 $8,025 $1,000 $7,025
2022 $489 $8,025 $1,000 $7,025
2021 $218 $8,025 $1,000 $7,025
2020 $560 $7,725 $1,000 $6,725
2019 $247 $7,725 $1,000 $6,725
2018 $247 $7,725 $1,000 $6,725
2017 $253 $7,725 $1,000 $6,725
2016 $353 $8,075 $0 $0
2014 $353 $8,075 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $79,900 -6.0% $80 / Sq Ft
07/28/2025 07/28/25 For Sale $85,000 +36.0% $85 / Sq Ft
09/30/2021 09/30/21 Sold $62,500 -3.0% $63 / Sq Ft
07/27/2021 07/27/21 Price Changed $64,400 -0.8% $64 / Sq Ft
05/31/2021 05/31/21 For Sale $64,900 +621.1% $65 / Sq Ft
03/22/2013 03/22/13 Sold $9,000 -48.6% $9 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $17,500 -- $18 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $62,500 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $9,000 None Available
Special Warranty Deed $17,500 Edco Title & Closing Service
Trustee Deed $44,200 None Available
Warranty Deed $54,000 Community Equity & Title Inc
Special Warranty Deed $19,500 Edco Title & Closing Service
Trustee Deed $33,000 --
Warranty Deed $32,000 First Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 New Conventional
Previous Owner $51,300 Purchase Money Mortgage
Previous Owner $13,808 Unknown
Previous Owner $39,578 Unknown
Previous Owner $36,274 No Value Available
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10202234

Memphis Area Association of REALTORS®

APN: 05-0056-0-0018

Tennessee Shelby County Memphis 38109 South Memphis

112 E Fernwood Ave, Memphis, TN

This home is located at 112 E Fernwood Ave, Memphis, TN 38109 and is currently priced at $79,900, approximately $66 per square foot. This property was built in 1947. 112 E Fernwood Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Vision Preparatory Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

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Andrew Akins
Listing Agent
Andrew Akins
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CB Properties of Memphis, LLC
(901) 627-1657