This property will make a great first rental property or add to your rental portfolio! This property is perfect for DSCR financing! The section 8 tenant has been in the home since the owner purchased it in 2019! The monthly rent is $825 which is in line with the 1% rule that most investors look for. The lease is up 9/26/2026. This home is professionally managed. It is 3 minutes from Levi Elementary School, 10 minutes from Mississippi state line, 15 minutes from Downtown, 5 minutes from Whitehaven area, and 12 minutes from Graceland! Call today for more info! No seller financing and no wholesalers. (Tax records show 2 bedrooms, but it is 3 bedrooms)
Memphis Area Association of Realtors(R) MLS #10218002
Sep 29, 2026
Sold
$72,000
$75/sq ft
Jul 24, 2026
Price Changed
$82,900
$86/sq ft
Mar 30, 2026
Listed
$89,900
$94/sq ft
This property will make a great first rental property or add to your rental portfolio! This property is perfect for DSCR financing! The section 8 tenant has been in the home since the owner purchased it in 2019! The monthly rent is $825 which is in line with the 1% rule that most investors look for. The lease is up 9/26/2026. This home is professionally managed. It is 3 minutes from Levi Elementary School, 10 minutes from Mississippi state line, 15 minutes from Downtown, 5 minutes from Whitehaven area, and 12 minutes from Graceland! Call today for more info! No seller financing and no wholesalers. (Tax records show 2 bedrooms, but it is 3 bedrooms)
Memphis Area Association of Realtors(R) MLS #10059840
Sep 20, 2019
Sold
$37,000
$39/sq ft
Aug 14, 2019
Listed
$38,000
$40/sq ft
Stylish home for the homeowner and investor. Inside occupied by tenant in the process of moving. Interior is almost in immaculate condition. Roof 7 yrs old. Wrought Iron gate to enter backyard and driveway continues to a storage shed which consist of a 1 car cover parking. Home is gorgeous inside and out. Levy Elementary is just minutes away.
Public Records
Aug 7, 1969
Sold
$14,600
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$988 (+26.9%)
$2,450 + $16,300
$18,750
2024
$779 (+8.1%)
$2,450 + $16,300
$18,750
2023
$720
$1,975 + $9,850
$11,825
2022
$720 (−1.2%)
$1,975 + $9,850
$11,825
2021
$729 (+20.5%)
$1,975 + $9,850
$11,825
2020
$605
$1,975 + $9,850
$11,825
2019
$605
$1,975 + $6,375
$8,350
2018
$605 (+76.3%)
$1,975 + $6,375
$8,350
2017
$343 (−11.5%)
$1,975 + $6,375
$8,350
2016
$388
$1,975 + $6,375
$8,350
2014
$388
$1,975 + $6,925
$8,900
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
66 ft.
Lot depth
120 ft.
Lot size
7,920 Sq. Ft.
Year renovated
—
Sq. Ft.
960
Year built
1970
Style
Single Family Residential
County
Shelby County
APN
075094 00021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 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
Oct 7, 2020 • Final
Residential plumbing
Install a new water heater in the storage room.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Directions: Going south on Third St, make a right on W. Levi Rd, make a right on Ford Rd. The home is on the right. No sign in the yard and do not disturb the tenant.
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 960
Stories: 1.0
Lot Size: 7,920 square feet
Style: Single Family Residential
Year Built: 1970
Year Renovated: —
County: Shelby County
APN: 075094 00021
Home facts updated by county records on Oct 8, 2026
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
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
87
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$80,000 – $97,000
Sell confidently with a local market expert in Memphis.