3920 Schoolfield Rd, Memphis, TN 38127

$99,000
3
BD
1
BA

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List Price
$99,000
Status
ACTIVE
MLS#
10227883
Bedrooms
3
Bathrooms
1
Lot Size
60X125

Property Description

Attention investors! Add immediate rental income to your portfolio with this tenant-occupied 3-bedroom, 1-bath investment property. Currently leased at $1,100 per month through the Housing Choice Voucher Program (Section 8), this home offers an opportunity to acquire an income-producing asset with an existing tenant in place. Lease and program documentation available for review. Please make all offers contingent upon inspection. Tenant occupied—do not approach the property or disturb the tenant. No showings without an accepted offer.

Additional Information

Acres
0.18
Annual City Tax
623
Annual County Tax
650
Cooling
Other (See REMARKS)
Exterior
Porch, Patio
Exterior Windows
Wood/Composition
Floors Ceilings
Part Carpet
Heating
Other (See REMARKS)
Legal Subdivision
Schoolfield St Elmo
Living Dining Kitchen
Pantry
Lot
119
Lot Description
Level
Lot Size
60X125
Neighborhood Amenities
None
Parking Storage
Driveway/Pad
Stories
1
Style
Traditional
Subdivision
SCHOOLFIELD ST ELMO
Subtype
Detached Single Family
Year Built
1972

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of eXp Realty.

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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.