Under contract

123 LORAINE Rd, Memphis, TN 38109

Beds
3
Sqft
1,084
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed bySTIXNBRIX
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Overview

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
3
Square feet
1,084
Lot size (acres)
0.15
Year built
1972

Exterior features

Pool
Yes
Horse amenities
Stable

Utilities

Heating
Natural Gas, Central
Cooling
Central Air

Taxes

Tax Annual Amount
$1,035

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Memphis Area Association of Realtors MLS®#: 10204432 Last checked:

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