$135,000

Estimated payment $766/month

2 Beds
1.5 Baths
1,202 Sq Ft
$112 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Luxury Vinyl Tile Flooring
  • Separate Formal Living Room
  • Patio
  • Central Heating and Cooling System

About This Home

2282 Devoy Ave, Memphis, TN 38108 is a fully renovated 3BR/2BA, 1,202 SF turnkey rental built for strong, stable returns. Leased at $1,195/month through 5/20/2028 with a 4.74% cash-on-cash return, this asset delivers consistent income and long-term tenant stability. Financials available upon request. Major improvements include a NEW HVAC system (3-ton Carrier), NEW roof ( years), NEW flooring throughout (tile/LVP), and full interior/exterior renovation with fresh paint, trim, lighting, and fixtures. Additional upgrades include a new water heater, updated electrical and plumbing fixtures, renovated bathrooms, select new windows, smart locks, and improved landscaping for added curb appeal and durability. No wholesalers, assignments, or creative financing! Owner/Agent

Listing Agent

James Wachob

Foundation Property Management License #294924 Listed on: 04/28/2026

Foundation Property Management

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,202 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Luxury Vinyl Tile Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Joe Shankmans Palmer Hills 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042038 00080

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PALMER HILLS 1ST ADD
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1202
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Vinyl/Luxury Vinyl Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections, Vinyl/Luxury Vinyl Floor

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 24
  • Acreage: 0.17
  • Lot Size: 60X125
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 042038 00080

Map

Range of Values:

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Value Increase
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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 $552 $27,075 $2,700 $24,375
2024 $552 $16,275 $1,375 $14,900
2023 $991 $16,275 $1,375 $14,900
2022 $991 $16,275 $1,375 $14,900
2021 $561 $16,275 $1,375 $14,900
2020 $815 $11,250 $1,375 $9,875
2019 $360 $11,250 $1,375 $9,875
2018 $360 $11,250 $1,375 $9,875
2017 $368 $11,250 $1,375 $9,875
2016 $486 $11,125 $0 $0
2014 $486 $11,125 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2026 04/28/26 For Sale $135,000 +350.0% $112 / Sq Ft
01/15/2019 01/15/19 Sold $30,000 -45.5% $25 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Pending -- -- --
06/25/2018 06/25/18 For Sale $55,000 -- $45 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $80,000 Mid South Title Services
Quit Claim Deed -- None Listed On Document
Warranty Deed $30,000 Preferred Title & Escrow
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $102,000 Construction
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10220377

Memphis Area Association of REALTORS®

APN: 04-2038-0-0080

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