This investment property is rented for $850/mo. Incredible opportunity available with tremendous cash flow and huge potential upside! 21 property package available. Homes can be bought individually or in bulk. Total portfolio list price is $2.525M, total current rent is $17,785/mo, total est market rent is $26,365, est ARV of full package is $3.155M. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could be an amazing opportunity. Do not approach or disturb tenants. No showigns without an accepted offer. No wholesale, creative finance or seller finance. Addresses are 5088 Edenshire, 1236 Goodman, 4853 Tutwiler, 3471 Heckle, 1373 Russwood, 3430 Hendricks, 4594 Sea Isle, 860 Berclair, 3674 Mountain Terrace, 3270 Abbottsford, 1946 Willow Wood, 3588 Kearney, 3540 Marion, 3682 Kearney, 4401 Quince, 3689 Kearney, 4635 Monaco
Memphis Area Association of Realtors(R) MLS #10216298
Jun 22, 2026
Sold
$83,000
$65/sq ft
Mar 7, 2026
Listed
$89,000
$70/sq ft
This investment property is rented for $850/mo. Incredible opportunity available with tremendous cash flow and huge potential upside! 21 property package available. Homes can be bought individually or in bulk. Total portfolio list price is $2.525M, total current rent is $17,785/mo, total est market rent is $26,365, est ARV of full package is $3.155M. All homes are professionally managed. Most all of these are tenant occupied. Many of these homes have had significant rehab done in the past few years. This could be an amazing opportunity. Do not approach or disturb tenants. No showigns without an accepted offer. No wholesale, creative finance or seller finance. Addresses are 5088 Edenshire, 1236 Goodman, 4853 Tutwiler, 3471 Heckle, 1373 Russwood, 3430 Hendricks, 4594 Sea Isle, 860 Berclair, 3674 Mountain Terrace, 3270 Abbottsford, 1946 Willow Wood, 3588 Kearney, 3540 Marion, 3682 Kearney, 4401 Quince, 3689 Kearney, 4635 Monaco
Public Records
May 25, 2021
Sold
$362,812
$283/sq ft
Memphis Area Association of Realtors(R) MLS #10100251
May 21, 2021
Sold
$55,033
$43/sq ft
May 19, 2021
Listed
$67,098
$52/sq ft
Sale Part of 37 Home Rental Portfolio
Public Records
May 14, 1990
Sold
$51,000
$40/sq ft
Public Records
Mar 8, 1984
Sold
$27,000
$21/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,185 (+54.7%)
$4,525 + $17,950
$22,475
2024
$766 (+8.1%)
$4,525 + $17,950
$22,475
2023
$708
$1,700 + $9,925
$11,625
2022
$708 (−1.2%)
$1,700 + $9,925
$11,625
2021
$716 (−1.1%)
$1,700 + $9,925
$11,625
2020
$725
$1,700 + $9,925
$11,625
2019
$725
$1,700 + $8,300
$10,000
2018
$725 (+76.3%)
$1,700 + $8,300
$10,000
2017
$411 (−18.6%)
$1,700 + $8,300
$10,000
2016
$505
$1,700 + $8,300
$10,000
2014
$505
$1,700 + $9,875
$11,575
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
110 ft.
Lot size
8,925 Sq. Ft.
Year renovated
—
Sq. Ft.
1,280
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
053101 00007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
Covered Spaces: 1
Parking Total: 1
Parking Features: Attached, Parking Pad
Has Carport
Carport Spaces: 1
Interior
Bedroom Information
# of Bedrooms: 2
Bathroom Information
# of Full Baths (Total): 1
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Interior Features: Pantry
Flooring: Carpet
Exterior
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area Units: Square Feet
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Lot Information
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Lot Size Dimensions: 50X110
Financial
Tax Information
Tax Annual Amount: $1,185
Location
Location Information
Directions: McCrory to Macon. Right on Russwood. Home is on the left.
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,280
Stories: 1.0
Lot Size: 8,925 square feet
Style: Single Family Residential
Year Built: 1952
Year Renovated: —
County: Shelby County
APN: 053101 00007
Home facts updated by county records on Jul 14, 2026
Other
Home Information
Living Area: 1280
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 1280
Building Area Units: Square Feet
Building Area Source: Assessor
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
Wells Station Elementary School
Public PreK-5 • Assigned • 0.5mi
7/10
Kingsbury Middle School
Public 6-8 • Assigned • 0.6mi
3/10
Kingsbury High School
Public 9-12 • Assigned • 0.7mi
3/10
Provided by GreatSchools
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
14% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38108
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
79
63
88
72
93
77
90
71
85
67
78
56
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$98,000 – $118,000
Sell confidently with a local market expert in Memphis.