981 Floyd Ave Memphis, TN 38127
Frayser NeighborhoodEstimated payment $405/month
Highlights
- Traditional Architecture
- Some Wood Windows
- Laundry closet
- Den
- Patio
- Luxury Vinyl Tile Flooring
About This Home
Excellent investment opportunity! This well-maintained 2-bedroom, 1-bath home is currently tenant-occupied and generating $895/month in rental income, offering immediate cash flow for a new owner. The functional layout features easy-care tile flooring, a bright living area, and an efficient kitchen. Outside, the property includes a large, level yard. HVAC brand new-- August 2025. Conveniently located near shopping, schools, and major thoroughfares, this property is a smart addition to any investment portfolio. Do not disturb tenant. Showings available with accepted offer.
Home Details
Home Type
- Single Family
Year Built
- Built in 1952
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 70x200
- Level Lot
Parking
- Driveway
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 875 Sq Ft Home
- 1-Story Property
- Some Wood Windows
- Dining Room
- Den
- Luxury Vinyl Tile Flooring
- Laundry closet
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Additional Features
- Patio
- Central Heating and Cooling System
Community Details
- Patricia Heights Sec F Blk 6 Subdivision
Listing and Financial Details
- Assessor Parcel Number 069040 00004
Map
Home Values in the Area
Average Home Value in this Area
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 | $324 | $13,825 | $1,625 | $12,200 |
| 2024 | $324 | $9,550 | $1,275 | $8,275 |
| 2023 | $582 | $9,550 | $1,275 | $8,275 |
| 2022 | $582 | $9,550 | $1,275 | $8,275 |
| 2021 | $589 | $9,550 | $1,275 | $8,275 |
| 2020 | $464 | $6,400 | $1,275 | $5,125 |
| 2019 | $205 | $6,400 | $1,275 | $5,125 |
| 2018 | $205 | $6,400 | $1,275 | $5,125 |
| 2017 | $209 | $6,400 | $1,275 | $5,125 |
| 2016 | $343 | $7,850 | $0 | $0 |
| 2014 | $343 | $7,850 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $73,000 | -- | $83 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $63,832 | Realty Title & Escrow | |
| Warranty Deed | $187,000 | Tam Title & Escrow Llc | |
| Special Warranty Deed | $21,000 | Edco Title & Closing Service | |
| Trustee Deed | $45,000 | None Available | |
| Quit Claim Deed | -- | Accurate Title & Escrow Inc | |
| Warranty Deed | $51,000 | Accurate Title & Escrow Inc | |
| Warranty Deed | $120,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $51,065 | New Conventional | |
| Previous Owner | $21,080 | Purchase Money Mortgage | |
| Previous Owner | $51,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $96,000 | Seller Take Back |
Source: Memphis Area Association of REALTORS®
MLS Number: 10209663
APN: 06-9040-0-0004
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