Property Description

ATTENTION INVESTORS! Tenant occupied property that would make an excellent addition to your rental portfolio. This 4 bedroom, 2 bathroom brick home is rented for $1,525/month to a Section 8 tenant with a lease secured until June 30, 2027. Tenant moved in July 1, 2025 and just renewed their lease for another 12 months. Roof, AC Condenser, Furnace replaced July 2020. Water heater replaced September 2022. Home was refreshed in 2025 and features new carpet, fresh paint, a spacious living room and bonus room that can serve as a 4th bedroom, covered parking and a spacious fenced-in backyard. Priced to sell near the desired 1% Rule. Seller is also selling 3962 Sloan St and 2919 Bede Rd (you can buy them individually or in bulk). Please do not disturb the tenant. Tenant ledger, lease and maintenance report are available upon request. No wholesalers, assignments or creative or owner financing.

Features

Swimming Pool:: No
Heating System:: Central
Cooling System:: Central
Fireplaces:: 0
Covered Parking Spaces:: Yes
PARKING/STORAGE:: Driveway/pad

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: GEORGIAN HILLS BLK E
Zipcode:: 38127
Street:: MACAULAY
Street Number:: 1864
Street Suffix:: AVE
Floor Number:: 0
Longitude:: W91° 59' 55.4''
Latitude:: N35° 14' 2.8''
Directions:: Get on I-240 E. Take exit 3 to merge onto N Watkins St. Merge onto N Watkins St. Turn right onto St Elmo Ave. Turn left onto Argonne St. Turn left onto Macaulay Ave.