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Property Description

Professionally managed investment opportunity generating immediate cash flow! This tenant-occupied property is ideal for out-of-state investors seeking a stable, low-maintenance asset in the Memphis market. The home is currently leased at $1,200 per month, with the rent increasing to $1,250 beginning January 2027, and the existing lease runs through January 21, 2028, providing reliable income and minimizing vacancy risk. With professional property management already in place, a long-term tenant, and built-in rental growth, this is an excellent opportunity to add a cash-flowing asset to your portfolio with a seamless ownership transition. Please do not disturb the residents.

Features
Swimming Pool:
No
Heating System:
Central
Cooling System:
Central
Fireplaces:
1
PARKING/STORAGE:
Driveway/pad
Address Map
Country:
US
State:
TN
County:
Shelby
City:
Memphis
Subdivision:
THE HILLS
Zipcode:
38116
Street:
ROYAL OAKS
Street Number:
1284
Street Suffix:
CV
Floor Number:
0
Longitude:
W91° 58' 44.6''
Latitude:
N35° 3' 11.2''
Directions:
Take the exit for Airways Boulevard, then continue to Winchester Road and turn right. Follow Winchester for a short distance, then turn left onto Hermitage Drive. Continue until you reach Royal Oaks Cove, turn right, and follow the road to the address.
MLS Addon
Agent ID:
20879
Status:
Active
Type:
Attached Single Family
# of Stories:
2
Lot Size:
31X105

Residential For Sale

1284 ROYAL OAKS CV, Memphis, Tennessee 38116

3 Bedrooms
2 Bathrooms
0 Sqft
$130,000
Listing ID #10225834
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
10225834
Price :
$130,000
Bedrooms :
3
Bathrooms :
2
Full Bathrooms :
2
Half Bathrooms :
0
Square Footage :
0 Sqft
Year Built :
1973
Lot Area :
0.07 Acre
Status :
Active
Days On Market :
1
Contact Agent