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.
- 3
- 0
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
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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