Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $795/month. The lease ends on 10/31/2024. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.
Single-familyProperty Type
1971Year Built
5,662 sq ftLot Size
1 spaceParking
Listed by Dean Harris• CrestCore Realty MphsBrokerage
Bought with Walter Jones• BEST Real Estate Company
Memphis Area Association of Realtors(R) MLS #10164818
Mar 11, 2024
Sold
$83,000
Jan 30, 2024
Listed
$85,900
Memphis Area Association of Realtors(R) MLS #1
Jan 18, 2023
Price Changed
$89,900
Memphis Area Association of Realtors(R) MLS #10012341
Jan 24, 2018
Sold
$30,500
Sep 27, 2017
Listed
$34,900
POTENTIAL INVESTMENT PROPERTY! DO NOT DISTURB TENANT. DRIVE BY SHOWING ONLY. SHOWINGS AND INSPECTIONS CONTINGENT UPON WRITTEN AND ACCEPTED OFFERS ONLY.
Public Records
Aug 24, 2007
Sold
$70,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,090 (+24.2%)
$2,875 + $17,800
$20,675
2024
$878 (+8.1%)
$2,875 + $17,800
$20,675
2023
$812
$2,250 + $11,075
$13,325
2022
$812 (−1.2%)
$2,250 + $11,075
$13,325
2021
$821 (+6.7%)
$2,250 + $11,075
$13,325
2020
$770
$2,250 + $11,075
$13,325
2019
$770
$2,250 + $8,375
$10,625
2018
$770 (+76.3%)
$2,250 + $8,375
$10,625
2017
$437 (−5.7%)
$2,250 + $8,375
$10,625
2016
$463
$2,250 + $8,375
$10,625
2014
$463
$2,250 + $8,350
$10,600
Tax history for 3708 Ridgemont Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,090 (+24.2%)
$2,875 + $17,800
$20,675
2024
$878 (+8.1%)
$2,875 + $17,800
$20,675
2023
$812
$2,250 + $11,075
$13,325
2022
$812 (−1.2%)
$2,250 + $11,075
$13,325
2021
$821 (+6.7%)
$2,250 + $11,075
$13,325
2020
$770
$2,250 + $11,075
$13,325
2019
$770
$2,250 + $8,375
$10,625
2018
$770 (+76.3%)
$2,250 + $8,375
$10,625
2017
$437 (−5.7%)
$2,250 + $8,375
$10,625
2016
$463
$2,250 + $8,375
$10,625
2014
$463
$2,250 + $8,350
$10,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
41 ft.
Lot depth
142 ft.
Lot size
5,822 Sq. Ft.
Year renovated
—
Sq. Ft.
939
Year built
1971
Style
Single Family Residential
County
Shelby County
APN
090021 00022
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
# of Covered Parking Spaces: 1
Parking/Storage: Other (See Remarks)
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 6
# of Stories: 1
Floors/Ceilings: Other (See Remarks)
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Other (See Remarks)
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: Other (See Remarks)
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Other (See Remarks)
Exterior/Windows: Other (See Remarks)
Land Information
Acreage: 0.13
Lot Information
Parcel ID: 090021 00022
Lot #: 15
Lot Size: 41X142
Lot Description: Other (See Remarks)
Area: 731B
Property Information
Detached Single Family
Style: Other (See Remarks)
Property Construction Status: Existing Property
Year Built: 1971
Financial
Tax Information
Annual City Tax: $360
Annual County Tax: $452
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Other (See Remarks)
Cooling: Other (See Remarks)
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Head west on I-40 W Take exit 6 to merge onto Warford St Continue onto New Allen Rd Turn right onto Ridgemont Ave Turn left to stay on Ridgemont
MAAR Subdivision Name: RIDGEMONT
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 939
Stories: 1.0
Lot Size: 5,822 square feet
Style: Single Family Residential
Year Built: 1971
Year Renovated: —
County: Shelby County
APN: 090021 00022
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Egypt Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Raleigh Egypt High School
Public 6-12 • Assigned • 0.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk 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
16% 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 • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
87
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$87,000 – $105,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2024. This data may not match public records. Learn more.