$75,000

3766 Cambridge Station Dr Memphis, TN 38115

Parkway Village Neighborhood

Estimated payment $431/month

Total Views 1,506
2 Beds
1.5 Baths
1,000-1,199 Sq Ft
$63 Price per Sq Ft

About This Home

Incredible opportunity to acquire a 20-door rental portfolio in Memphis generating $19,780 in monthly gross income. Nineteen of the twenty units are currently occupied, with the majority of tenants on Section 8, providing consistent and reliable cash flow. All properties have been renovated within the past 1–4 years and are being sold as turnkey investments. Strong rental history across the portfolio with room to increase rents, offering additional upside for investors. Ideal for those seeking stable, income-producing assets in a growing market.

Listing Agent

Jonathan Nunez

Fast Track Realty, LLC License #349008 Listed on: 06/24/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $251

Year Built

  • Built in 1973

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 982 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $190 Maintenance Fee
  • Cambridge Station Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093418 B00048

Property Details

Home Type

Condominium

Est. Annual Taxes

$251

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MLS Map #: 785A
  • MAAR Subdivision Name: CAMBRIDGE STATION
  • Condo: Yes
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 982
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 1.1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 190

Lot Info

  • Acreage: 0.01
  • Lot Size: .01
  • Price Per Acre: 7500000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 093418 B00048

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 $251 $13,400 $1,600 $11,800
2024 $157 $7,400 $1,600 $5,800
2023 $282 $4,625 $1,000 $3,625
2022 $282 $4,625 $1,000 $3,625
2021 $335 $4,625 $1,000 $3,625
2020 $223 $3,075 $1,000 $2,075
2019 $98 $3,075 $1,000 $2,075
2018 $98 $3,075 $1,000 $2,075
2017 $101 $3,075 $1,000 $2,075
2016 $175 $4,000 $0 $0
2014 $175 $4,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $75,000 -- $75 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,000 Saddle Creek Title Llc
Warranty Deed $15,000 None Available
Trustee Deed $12,159 None Available
Warranty Deed $40,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $698,000 New Conventional
Closed $193,000 Commercial
Previous Owner $39,500 FHA
Closed $2,870 No Value Available
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10199732

Memphis Area Association of REALTORS®

APN: 09-3418-B0-0048