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+19018339734
Legendary Realty
123 Loraine Rd, Memphis, TN 38109
- $117,000
- 3
- BD
- 1.1
- BA
- List Price
- $117,000
- Status
- PENDING
- MLS#
- 10204432
- Price Change
- ▼ $2,900 1762558156
- Bedrooms
- 3
- Bathrooms
- 1.1
- Lot Size
- 60X115
- Approx. Heated SqFt
- 1000-1199
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.
Additional Information
- Acres
- 0.15
- Annual City Tax
- 502
- Annual County Tax
- 533
- Bedroom Three Description
- Level 1, Shared Bath, Carpet
- Bedroom Two Description
- Level 1, Shared Bath, Carpet
- Cooling
- Central, 220 Wiring
- Exterior
- Patio, Chain Fence, Storage, Sidewalks
- Exterior Windows
- Brick Veneer, Aluminum Window(s), Storm Window(s)
- Floors Ceilings
- Part Carpet, Tile, Vinyl/Luxury Vinyl Floor, Textured Ceiling
- Foundation
- Slab
- Heating
- Central, Gas
- Interior Equipment
- Range/Oven, Dishwasher, Cable Wired, Cable Available
- Legal Subdivision
- Smith-Turley Rev
- Living Dining Kitchen
- Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, W/D Connection in Kitchen, Vinyl/Luxury Vinyl Floor
- Lot
- 460
- Lot Description
- Level, Chain Fenced
- Lot Size
- 60X115
- Misc Interior
- All Window Treatments, Pull Down Attic Stairs, Attic Access, Cat/Dog Free House, Smoke Detector(s)
- Neighborhood Amenities
- None
- Other Rooms
- Attic, Storage Room
- Parking Storage
- Driveway/Pad, Storage Room(s)
- Pool Description
- Above Ground
- Roof
- Composition Shingles
- Stories
- 1
- Style
- Traditional
- Subdivision
- SMITH & TURLEY
- Subtype
- Detached Single Family
- Water Sewer
- Electric Water Heater, Public Water, Public Sewer
- Year Built
- 1972
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.