$73,000

981 Floyd Ave Memphis, TN 38127

Frayser Neighborhood

Estimated payment $407/month

Total Views 1,229
2 Beds
1 Bath
875 Sq Ft
$83 Price per Sq Ft

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.

Listing Agent

Anna Bishop

Crye-Leike, Inc., REALTORS License #332094 Listed on: 11/13/2025

Crye-Leike, Inc., REALTORS

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

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PATRICIA HEIGHTS SEC F
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 875
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Floors/Ceilings: Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Dining Room, Separate Den
  • Other Rooms: Laundry Closet
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 7
  • Acreage: 0.32
  • Lot Size: 70X200
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 069040 00004

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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 $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
Source: Public Records

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
Source: Memphis Area Association of REALTORS®

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 --
Source: Public Records

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: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10209663

Memphis Area Association of REALTORS®

APN: 06-9040-0-0004

Tennessee Shelby County Memphis 38127 Frayser

981 Floyd Ave, Memphis, TN

For Sale

Detached

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Nearby Homes
Anna Bishop
Listing Agent
Anna Bishop
Section Image
Crye-Leike, Inc., REALTORS
(901) 621-3049