$159,000

Estimated payment $952/month

Total Views 614
3 Beds
2 Baths
1,000-1,199 Sq Ft
$133 Price per Sq Ft

Highlights

  • Deck
  • Separate Formal Living Room
  • Breakfast Bar
  • Wood Flooring
  • Balcony
  • Central Heating and Cooling System

About This Home

Tenant-occupied investment property in Memphis generating $1,065/month with lease secured through 2026. Well-maintained 3BR/2BA home featuring spacious living and dining areas, updated kitchen, and large backyard. Convenient location near shopping and schools. Immediate rental income with long-term tenant in place—perfect turnkey opportunity. Professionally managed by Revid Property Management. Management happy to stay on after sale.

Listing Agent

Gus Pacente

Revid Property Management, LLC License #329112 Listed on: 08/11/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,022

Year Built

  • Built in 1944

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 50x181
  • Level Lot

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,117 Sq Ft Home
  • 1.5-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Breakfast Bar
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Parking

  • 3 Car Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • Madison Home Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 046035 00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,022

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 758A
  • MAAR Subdivision Name: MADISON HOME PLACE
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1117
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Primary Up, Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Breakfast Bar, Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Deck, Balcony
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 3
  • Parking Display: G3D
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central, Window Unit(s)
  • Heating: Central, Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 23
  • Acreage: 0.2
  • Lot Size: 50X181
  • Price Per Acre: 795000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 046035 00022

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 $1,022 $39,900 $7,975 $31,925
2024 $1,022 $30,150 $6,375 $23,775
2023 $1,837 $30,150 $6,375 $23,775
2022 $1,837 $30,150 $6,375 $23,775
2021 $1,040 $30,150 $6,375 $23,775
2020 $1,744 $24,075 $6,375 $17,700
2019 $769 $24,075 $6,375 $17,700
2018 $769 $24,075 $6,375 $17,700
2017 $788 $24,075 $6,375 $17,700
2016 $913 $20,900 $0 $0
2014 $913 $20,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $159,000 +34.7% $159 / Sq Ft
06/10/2019 06/10/19 Sold $118,000 -0.8% $118 / Sq Ft
06/05/2019 06/05/19 For Sale $119,000 0.0% $119 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
05/10/2019 05/10/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $119,000 +43.4% $119 / Sq Ft
01/17/2014 01/17/14 Sold $83,000 -10.3% $74 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
07/21/2013 07/21/13 For Sale $92,500 +137.2% $83 / Sq Ft
06/20/2013 06/20/13 Sold $39,000 -2.3% $35 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
05/30/2013 05/30/13 For Sale $39,900 -- $36 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $118,000 Delta Title Services Llc
Interfamily Deed Transfer $83,000 Multiple
Special Warranty Deed $39,000 Landcastle Title Llc
Trustee Deed $67,500 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $37,900 --
Trustee Deed $58,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $88,500 New Conventional
Previous Owner $154,000 New Conventional
Previous Owner $81,496 FHA
Previous Owner $73,600 Fannie Mae Freddie Mac
Previous Owner $9,200 Stand Alone Second
Previous Owner $61,500 Unknown
Previous Owner $56,250 No Value Available
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10203309

Memphis Area Association of REALTORS®

APN: 04-6035-0-0022