This property is leased at $995 per month ($11,940 annually) through 06/08/2027, with a cash-on-cash return of 6.19% and a monthly cash flow of $168.92. "All investment figures are estimates and verified independently by buyer. " Well-maintained 3BR/1BA investment property offering a strong combination of durability, functionality, and long-term rental appeal. Features include hard-surface flooring throughout, a bright living area, an updated kitchen with shaker cabinetry, central heat and air, and a covered carport. Situated on a large level lot with a spacious fenced backyard, providing added tenant appeal and usability. The home's clean condition and practical layout help minimize future maintenance while supporting consistent demand in an established Memphis neighborhood. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Single-familyProperty Type
1959Year Built
0.35 acresLot Size
2 spacesParking
Listed by James Wachob• Foundation Property Management
Memphis Area Association of Realtors(R) MLS #10201521
Jun 12, 2026
Sold
$83,500
Apr 23, 2026
Price Changed
$84,999
Mar 20, 2026
Price Changed
$89,900
Oct 3, 2025
Price Changed
$95,000
Sep 11, 2025
Price Changed
$99,000
Jul 18, 2025
Listed
$105,000
TENANTTURNER2 #2
Jun 6, 2025
Rental Removed
$995
May 1, 2025
Listed for Rent
$995
BUILDIUM #1
May 1, 2025
Rental Removed
$995
Mar 25, 2025
Listed for Rent
$995
Memphis Area Association of Realtors(R) MLS #10151669
Sep 19, 2023
Sold
$51,000
Aug 23, 2023
Price Changed
$60,000
Aug 13, 2023
Price Changed
$65,000
Jul 13, 2023
Price Changed
$69,900
Jul 6, 2023
Listed
$75,000
+2
What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.
Public Records
Mar 1, 2022
Sold
$874,779
Public Records
Mar 11, 2020
Sold
$548,284
Public Records
Sep 4, 2015
Sold
$15,418,145
Public Records
Dec 12, 2012
Sold
$90,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,211 (+12.3%)
$2,625 + $20,350
$22,975
2024
$1,078 (+8.1%)
$2,625 + $20,350
$22,975
2023
$998
$2,375 + $14,000
$16,375
2022
$998 (−1.2%)
$2,375 + $14,000
$16,375
2021
$1,009 (+15.1%)
$2,375 + $14,000
$16,375
2020
$877
$2,375 + $14,000
$16,375
2019
$877
$2,375 + $9,725
$12,100
2018
$877 (+76.3%)
$2,375 + $9,725
$12,100
2017
$497 (+52.1%)
$2,375 + $9,725
$12,100
2016
$327 (−35.8%)
$2,375 + $9,725
$12,100
2014
$509
$2,375 + $9,275
$11,650
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
81 ft.
Lot depth
209 ft.
Lot size
0.36 Acres
Year renovated
1972
Sq. Ft.
980
Year built
1959
Style
Single Family Residential
County
Shelby County
APN
071046 00014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-8
Residential Single-Family-8 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-8 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-8 districts are generally located at least 1,000 to 1,500 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
Dec 11, 2023 • Final
Residential electrical
Reinstall an electrical meter.
Electrical
Electric meter
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.
Property details
Parking
Parking Information
# of Covered Parking Spaces: 2
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: Separate Dining Room
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Other (See Remarks)
Exterior/Windows: Other (See Remarks)
Land Information
Acreage: 0.35
Lot Information
Parcel ID: 071046 00014
Lot #: 11
Lot Size: 81X209
Lot Description: Level
Area: 725C
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1959
Financial
Tax Information
Annual City Tax: $523
Annual County Tax: $555
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From St Elmo Ave, head North to Ridgedale St. The house is on the left.
MAAR Subdivision Name: ST ELMO 3RD ADD
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 980
Stories: 1.0
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1959
Year Renovated: 1972
County: Shelby County
APN: 071046 00014
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Hawkins Mill Elementary School
Public PreK-5 • Assigned • 0.7mi
5/10
Georgian Hills Junior High School
Public 6-8 • Assigned • 0.5mi
6/10
Trezevant High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
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
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38127
Average low and high temperatures (°F)
46
29
56
37
70
50
76
58
78
62
87
71
92
76
90
69
85
66
77
55
65
48
53
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 5% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$117,000 – $142,000
Sell confidently with a local market expert in Memphis.