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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

Features
: No
: Central
: Central
0
: Driveway/pad, Other (see Remarks)
Address Map
US
TN
Shelby
Memphis
MAGNOLIA TERR
38106
MCLEMORE
1589
AVE
0
W91° 59' 26.5''
N35° 6' 54.7''
From E McLemore Ave, go South on Rayner St, turn left on E McLemore Ave; property on right.
E
MLS Addon
4609
Active
: Detached Single Family
1
45X137

Residential For Sale

1589 MCLEMORE AVE, Memphis, Tennessee 38106

3 Bedrooms
1 Bathrooms
0 Sqft
$176,900
Listing ID #10195308
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 10195308
Price : $176,900
Bedrooms : 3
Bathrooms : 1
Full Bathrooms : 1
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1927
Lot Area : 0.14 Acre
Status : Active
Days On Market : 331
Apprx Heated SqFt Range : 1400-1599
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