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BEDS3
BATHS1 full
MLS#10195308
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMAGNOLIA TERRACE
NEIGHBORHOODSouth Memphis-Glenview
Property Description
This property is leased at $1,325 per month through 06/02/2028, with a cash-on-cash return of 5.50% and a monthly cash flow of $232.42. Renovated property positioned for strong rental performance with thoughtful updates throughout. Major improvements include a new roof with updated decking, new HVAC system (furnace and AC), and full interior repaint with modern finishes. Kitchen has been refreshed with painted cabinets, new countertops, sink, and fixtures, while bathrooms feature updated toilets and repairs. Additional upgrades include smart locks, improved insulation, and exterior concrete repairs with fresh paint. Clean, functional layout with durable, low-maintenance features ideal for long-term hold. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent
Property Features
Property Type: Residential - Single Family
Cooling: Central
Fenced: Yes
Heating: Central
Home Style: Traditional
Lot Size: 0.14 Acres
Year Built: 1927
Feature Descriptions
Days on Site: 273
Exterior: Porch, Deck, Other (See REMARKS)
Exterior/ Windows: Brick Veneer, Other (See Remarks)
Floors/ Ceilings: Other (See REMARKS), Vinyl/Luxury Vinyl Floor
Lot: Some Trees, Wood Fenced
Parking/ Storage: Driveway/Pad, Other (See REMARKS)
Total Rooms: 6
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 445.30 per month $393.70 Principal & Interest $0.00 Property Tax (data not provided by mls) $51.60 Homeowner's Insurance
1589 E Mclemore Ave | MLS# 10195308
This single family home located at 1589 E Mclemore Ave, Memphis, TN 38106 is currently listed for sale with an asking price of $176,900. This property was built in 1927 and has 3 bedrooms and 1 full baths. E Mclemore Ave is located in the MAGNOLIA TERRACE subdivision. Search MAGNOLIA TERRACE real estate on www.clcommercialrealestate.com today.