$75,000

Estimated payment $413/month

Total Views 11,013
2 Beds
1 Bath
600-799 Sq Ft
$94 Price per Sq Ft

Highlights

  • 5.93 Acre Lot
  • End Unit
  • Porch
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

ATTENTION INVESTORS! This Turnkey cash-flowing rental at 1417 Semmes St has been RENOVATED and is professionally managed, leased through 8/31/26 for $900/mo. That’s instant income from day one! Highlights include: New 30-year architectural shingle roof, HVAC 2022, New light fixtures, New Durable hard-surface flooring, Updated kitchen & bathroom, New Windows. Managed by a trusted local team, this property offers true hands-off investing. Whether you're expanding your portfolio or buying your first Memphis rental, this is a solid, income-generating asset. Act fast—cash-flowing, renovated homes with long-term tenants don’t last! DO NOT DISTURB TENANTS

Listing Agent

James Wachob

Foundation Property Management License #294924 Listed on: 01/03/2025

Foundation Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $168

Year Built

  • Built in 1950

Lot Details

  • 5.93 Acre Lot
  • End Unit
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 600-799 Sq Ft Home
  • 744 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Dining Room
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Cherry Park Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059016 00196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$168

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit
  • Detached Unit Type: General Residential
  • MLS Map #: 757F
  • MAAR Subdivision Name: CHEROKEE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 744
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 600-799
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Dining Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Display: N0
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: UNIT 26
  • Acreage: 5.93
  • Price Per Acre: 12648
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 2

Tax Info

  • Assessor Parcel Number: 059016 00196

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 $168 $18,200 $1,125 $17,075
2024 $168 $4,950 $1,125 $3,825
2023 $302 $4,950 $1,125 $3,825
2022 $302 $4,950 $1,125 $3,825
2021 $358 $4,950 $1,125 $3,825
2020 $263 $3,625 $1,125 $2,500
2019 $116 $3,625 $1,125 $2,500
2018 $116 $3,625 $1,125 $2,500
2017 $119 $3,625 $1,125 $2,500
2016 $170 $3,900 $0 $0
2014 $170 $3,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $75,000 0.0% $125 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $75,000 0.0% $125 / Sq Ft
08/04/2022 08/04/22 Rented $750 0.0% --
07/29/2022 07/29/22 Sold $65,000 0.0% $87 / Sq Ft
07/29/2022 07/29/22 For Rent $750 0.0% --
06/29/2022 06/29/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $65,000 -- $87 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $65,000 Byrne & Associates Pllc
Warranty Deed $15,000 Byrne & Associates
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,750 New Conventional
Closed $48,750 New Conventional
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10189781

Memphis Area Association of REALTORS®

APN: 05-9016-0-0196