$150,000

Estimated payment $845/month

Total Views 239
3 Beds
-- Bath
1,354 Sq Ft
$111 Price per Sq Ft

Highlights

  • Very Popular Property
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Partially Fenced Property
  • 4-minute walk to Brentwood Park

About This Home

Cash Cow Turnkey Triplex Investment Opportunity Exceeding the 1% Rule In Orange Mound! Drive By ONLY! Tenant Occupied. DO NOT DISTURB THE TENANTS! Unit 1 Is Rented Section 8 At $850/month Until 10/31/2025. Unit 2 Is Rented Section 8 For $895/month Until 10/31/2025. Unit 3 Is Vacant & Currently Marketed For Rent at $750/month. All Units Are 1 bed/1 bath. When Fully Occupied The Property Will Generate $2,495/month. Great Turnkey Triplex Exceeding The 1% Rule Even With Only 2/3 Units Rented or You Can Try A House-hack & Move In To Unit 3 Using A VA or FHA Loan! Make Offers Contingent On Inspection. Copy of The Leases & T-12 Available Upon Request. Inside Pictures Are From The Vacant Unit. VACANT UNIT VIDEO ALSO AVAILABLE! Make Your Offer Today!

Listing Agent

Jordan Ray

eXp Realty, LLC License #375004 Listed on: 08/18/2025

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $327

Year Built

  • Built in 1927

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x120
  • Partially Fenced Property

Home Design

  • Shingle Roof
  • Wood Composite

Interior Spaces

  • 1,354 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector
  • Recirculated Exhaust Fan
  • Washer and Dryer Hookup

Flooring

  • Tile
  • Vinyl

Parking

  • Paved Parking
  • Off-Site Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Section 8 Allowed
  • Assessor Parcel Number 029089 00008

Community Details

Overview

  • E Fairgrounds Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$327

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 757A
  • MAAR Subdivision Name: ORANGE MOUND
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 1363636.36
  • Estimated Sq Ft: 1354
  • Year Built: 1927
  • Construction: Wood/Composition
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor
  • Appliances Equipment: Exhaust Fan/Vent Hood, Smoke Detector(s)

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Shingle/Shake
  • Miscellaneous Exterior: Curbs/Gutters, Sidewalks, Professional Landscaping, Partically Fenced

Garage/Parking

  • Parking Facility: Concrete, Offsite/Street

Utilities

  • Hot Water: Public Sewer, Public Water
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Association/Amenities

  • Amenities: Privacy Walls/Fences

Lot Info

  • Lot Number: 14
  • Acreage: 0.11
  • Lot Size: 40X120
  • Price Per Acre: 1363636
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 20940
  • Tenant Pays: Electric, Pet Depost, Security Deposit, Water/Sewer
  • Type Of Leases: Subsidized Rents, Year

Tax Info

  • Assessor Parcel Number: 029089 00008

Multi Family

  • Perc Occ: 66
  • Total Number Of Units: 1
  • Number1 Bedroom Units: 3
  • Type of Unit: 1 BR - 1 Bath, Unfurnished

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 $327 $32,800 $2,400 $30,400
2024 $327 $9,640 $1,200 $8,440
2023 $587 $9,640 $1,200 $8,440
2022 $587 $9,640 $1,200 $8,440
2021 $333 $9,640 $1,200 $8,440
2020 $1,133 $15,640 $1,200 $14,440
2019 $148 $4,640 $1,200 $3,440
2018 $148 $4,640 $1,200 $3,440
2017 $0 $0 $0 $0
2016 $594 $0 $0 $0
2014 $594 $13,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $150,000 -- $111 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $132,900 Saddle Creek Title Llc
Warranty Deed $78,000 Saddle Creek Title Llc
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $82,900 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Jordan Ray

eXp Realty, LLC

(901) 621-8701

Section Image

Jordan Ray is an eXp 2x ICON Agent and a proud member of the MAAR Multi-Million Dollar Club, recognized for his expertise as a top-producing listing agent, working extensively with investors and VA home buyers. As a REALTOR® with eXp Realty, Jordan brings a results-driven approach to selling properties, utilizing proven listing strategies that consistently yield top-dollar sales and reduced time on the market. His deep understanding of market trends, targeted marketing, and aggressive

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Source: Memphis Area Association of REALTORS®

MLS Number: 10203781

Memphis Area Association of REALTORS®

APN: 02-9089-0-0008