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

