$55,000

799 Cherokee Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $310/month

Total Views 599
3 Beds
1 Bath
1,131 Sq Ft
$49 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Patio
  • Wood Flooring
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

Property is boarded up, agent will need to bring a drill to remove boards. Property needs TLC and is being sold AS IS. Seller will not connect utilities. This property has a projected monthly rent of $1,075 ($12,900 annually), an estimated cash-on-cash return of 31.05%, and an expected monthly cash flow of $523.94. "all investment figures are estimates and verified independently by buyer" Great investment opportunity with strong rental or resale potential. This well-maintained 3-bedroom, 1-bath home offers ~1,131 SF with hard-surface flooring, a bright living area, and an updated kitchen with shaker-style cabinetry. Features include central heat and air, a functional layout, patio space, and a large fenced backyard. Clean, updated finishes and solid curb appeal make this a turnkey addition to any portfolio. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE

Listing Agent

James Wachob

Foundation Property Management License #294924 Listed on: 05/18/2026

Foundation Property Management

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 159x95
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,131 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Louis Millers Cherokee Ave Of Lot 11 Bl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034046 00013

Home Details

Home Type

Single Family

Year Built

Built in 1958

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: LOUIS MILLERS CHEROKEE AVE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1131
  • Year Built: 1958
  • 55Community: N
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room

Exterior Features

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

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 2
  • Acreage: 0.17
  • Lot Size: 159X95
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 034046 00013

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

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

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 $164 $6,100 $1,500 $4,600
2024 $103 $3,050 $1,000 $2,050
2023 $186 $3,050 $1,000 $2,050
2022 $186 $3,050 $1,000 $2,050
2021 $400 $0 $0 $0
2020 $400 $5,525 $1,000 $4,525
2019 $177 $5,525 $1,000 $4,525
2018 $177 $5,525 $1,000 $4,525
2017 $181 $5,525 $1,000 $4,525
2016 $312 $7,150 $0 $0
2014 $312 $7,150 $0 $0
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
05/18/2026 05/18/26 For Sale $55,000 -- $49 / 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 $63,750 Delta Title Services
Warranty Deed $10,000 Delta Title Services
Warranty Deed $10,000 Green Law Firm
Quit Claim Deed $4,400 None Available
Quit Claim Deed -- Memphis Title
Quit Claim Deed -- Memphis Title
Quit Claim Deed -- Memphis Title
Quit Claim Deed -- Memphis Title
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10221846

Memphis Area Association of REALTORS®

APN: 03-4046-0-0013

Tennessee Shelby County Memphis 38106 South Memphis

799 Cherokee Ave, Memphis, TN

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