123 LORAINE RD, Memphis, TN 38109
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Frank Warren

Frank Warren

+1(901) 212-5350
$ 117,000
Est. payment /mo
Save
Pending

123 LORAINE RD Memphis, TN 38109

3 Beds

1.1 Baths

1,199 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 1000-1199

Square Footage 1,199 sqft

Price per Sqft $97

Subdivision Smith-Turley Rev

MLS Listing ID 10204432

Style Traditional

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1972

Annual Tax Amount $1,035

Lot Size 6,534 Sqft

Property Sub-Type Detached Single Family

Property Description

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

State TN

County Shelby

Area Whitehaven/Fairley

Rooms

Other Rooms Attic, Storage Room

Master Bedroom 12x10

Bedroom 2 10x11 Carpet, Level 1, Shared Bath

Bedroom 3 10x10 Carpet, Level 1, Shared Bath

Bedroom 4 0x0

Bedroom 5 0x0

Dining Room 0x0

Kitchen Eat-In Kitchen, Separate Den, Updated/Renovated Kitchen, Vinyl/Luxury Vinyl Floor, W/D Connection in Kitchen

Interior

Interior Features All Window Treatments, Pull Down Attic Stairs, Attic Access, Cat/Dog Free House, Smoke Detector(s)

Heating Central, Gas

Cooling 220 Wiring, Central

Flooring Part Carpet, Textured Ceiling, Tile, Vinyl/Luxury Vinyl Floor

Equipment Cable Available, Cable Wired, Dishwasher, Range/Oven

Exterior

Exterior Feature Aluminum Window(s), Brick Veneer, Storm Window(s)

Parking Features Driveway/Pad, Storage Room(s)

Pool Above Ground

Roof Type Composition Shingles

Private Pool Yes

Building

Lot Description Chain Fenced, Level

Story 1

Foundation Slab

Sewer Public Sewer

Water Electric Water Heater, Public Water

Others

Miscellaneous Patio,Chain Fence,Storage,Sidewalks

Listed by Heath F Gooch • STIXNBRIX
Frank Warren

Frank Warren

Broker

+1(901) 212-5350

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123 LORAINE RD