ATTENTION INVESTORS!! 4064 Reed Ave is a fully renovated 2BR/1BA, 825 SF turnkey rental offering strong, stable cash flow and low-maintenance ownership. Currently leased at $975/month through 2/11/2028 with a 5.27% cash-on-cash return. Major improvements include a NEW 30-year architectural roof, NEW 2.5-ton Carrier HVAC system, and a FULL interior renovation featuring fresh paint, trim, lighting, doors, and fixtures. The kitchen has been completely updated with new cabinets, countertops, sink, and faucet, along with new LVP flooring. The bathroom has been fully remodeled with a new tub, tile, vanity, toilet, and fixtures. Additional upgrades include a new water heater, smart locks, updated electrical/lighting, and exterior improvements including paint, siding repairs, fencing, driveway, and landscaping. DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. No wholesalers, assignments, or creative financing! Owner/Agent
Single-familyProperty Type
1951Year Built
6,098 sq ftLot Size
1 spaceParking
Listed by James Wachob• Foundation Property Management
Bought with James Wachob• Foundation Property Management
Memphis Area Association of Realtors(R) MLS #10203704
Jun 4, 2026
Sold
$129,900
Apr 28, 2026
Price Changed
$129,900
Sep 12, 2025
Price Changed
$134,900
Sep 11, 2025
Price Changed
$130,000
Sep 4, 2025
Price Changed
$484,900
Sep 2, 2025
Price Changed
$134,900
Aug 15, 2025
Listed
$484,900
BUILDIUM #1
Feb 12, 2026
Rental Removed
$975
Feb 6, 2026
Price Changed
$975
Dec 18, 2025
Price Changed
$995
Nov 1, 2025
Listed for Rent
$1,195
Oct 4, 2025
Rental Removed
$1,195
Jul 31, 2025
Listed for Rent
$1,195
Jun 19, 2025
Rental Removed
$1,195
Apr 9, 2025
Listed for Rent
$1,195
TENANTTURNER2 #2
Oct 31, 2025
Rental Removed
$1,195
Oct 4, 2025
Listed for Rent
$1,195
Public Records
Jun 24, 1974
Sold
$6,971
Public Records
Jan 21, 1966
Sold
$7,900
Year
Property tax
Land + Additions
Assessment*
2025
$920 (+32.7%)
$3,575 + $13,875
$17,450
2024
$693 (+8.1%)
$3,575 + $13,875
$17,450
2023
$641
$1,350 + $9,175
$10,525
2022
$641 (−1.2%)
$1,350 + $9,175
$10,525
2021
$649 (+14.0%)
$1,350 + $9,175
$10,525
2020
$569
$1,350 + $9,175
$10,525
2019
$569
$1,350 + $6,500
$7,850
2018
$569 (+76.3%)
$1,350 + $6,500
$7,850
2017
$323 (−17.5%)
$1,350 + $6,500
$7,850
2016
$391
$1,350 + $6,500
$7,850
2014
$391
$1,350 + $7,600
$8,950
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
125 ft.
Lot size
6,250 Sq. Ft.
Year renovated
1988
Sq. Ft.
825
Year built
1951
Style
Single Family Residential
County
Shelby County
APN
053044 00021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 2
# of Bedrooms: 2
# of Bedrooms: 2
# of Bedrooms Down: 2
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 4
# 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: All Bedrooms Down