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BEDS3
BATHS1 full 1 partial
MLS#10204432
STATUSPending
PROPERTY TYPEResidential - Single Family
SUBDIVISIONSMITH TURLEY
NEIGHBORHOODWhitehaven-Fairley
Property Description
Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.
Property Features
Property Type: Residential - Single Family
Cooling: 220 Wiring, Central
Fenced: Yes
Heating: Central, Gas
Home Style: Traditional
Lot Size: 0.15 Acres
Roof Type: Composition Shingles
Year Built: 1972
Feature Descriptions
Additional Rooms: Attic, Storage Room
Bed and Bath: All Bedrooms Down,1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down
Days on Site: 188
Exterior: Patio, Chain Fence, Storage, Sidewalks
Exterior/ Windows: Brick Veneer, Aluminum Window(s), Storm Window(s)
Floors/ Ceilings: Part Carpet, Tile, Vinyl/Luxury Vinyl Floor, Textured Ceiling
Interior: All Window Treatments, Pull Down Attic Stairs, Attic Access, Cat/Dog Free House, Smoke Detector(s)
Interior Equipment: Range/Oven, Dishwasher, Cable Wired, Cable Available
Living/ Dining Room: Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, W/D Connection in Kitchen, Vinyl/Luxury Vinyl Floor
Lot: Level, Chain Fenced
Master Bath: Tile Floor
Master Bedroom: Level 1,Half Bath, Carpet
Parking/ Storage: Driveway/Pad, Storage Room(s)
Pool: Above Ground
Swimming Pool: Yes
Total Rooms: 5
Water/ Sewer: Electric Water Heater, Public Sewer, Public Water
Room Sizes
Primary Bedroom: 12x10
Bedroom 2: 10x11
Bedroom 3: 10x10
Den/ Great Room: 18x11
Kitchen: 14x12
Breakfast Room: 12x10
Listed By / Shown By
Listed By
Agency Name: STIXNBRIX
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 294.52 per month $260.39 Principal & Interest $0.00 Property Tax (data not provided by mls) $34.13 Homeowner's Insurance
123 Loraine Rd | MLS# 10204432
This single family home located at 123 Loraine Rd, Memphis, TN 38109 is currently listed for sale with an asking price of $117,000. This property was built in 1972 and has 3 bedrooms and 1 full and 1 partial baths. Loraine Rd is located in the SMITH TURLEY subdivision. Search SMITH TURLEY real estate on www.clcommercialrealestate.com today.