Listing Courtesy of: Heath Gooch - STIXNBRIX
$119,900
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123 LORAINE Rd Memphis, TN 38109
Single Family-Detached
Residence
3
Beds
1.1
Baths
...
Bed/Bath
1,199
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 thermost...at, 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.
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MLS#
10204432
Property Type
Single Family-Detached
Bedrooms
3
Bathrooms
1 Full/1 Half
Year Built
1972
Square Feet
1,199
sq. ft
Lot Size
0.15
Sewer
Public Sewer
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