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+19018339734
Legendary Realty
3814 Caravel Dr, Memphis, TN 38115
- $165,000
- 3
- BD
- 2
- BA
- List Price
- $165,000
- Status
- ACTIVE
- MLS#
- 10232512
- Bedrooms
- 3
- Bathrooms
- 2
- Lot Size
- 70X120
Property Description
Cash flowing income from day one! 3814 Caravel Dr is an excellent addition for out-of-state investors looking to grow their portfolio. The home is currently occupied by a long-term resident, providing steady, reliable cash flow without the cost or downtime of a lease-up. It meets the 1% rule, making the numbers work right out of the gate, and the brand new roof means one of the biggest capital expenses is already taken care of. Professional property management is already in place to handle rent collection, maintenance, and ongoing tenant relations, so you can own with confidence no matter where you live. A low-hassle, cash-flowing rental that’s ready to perform. Don’t miss this one!
Additional Information
- Acres
- 0.19
- Annual City Tax
- 1135
- Annual County Tax
- 1183
- Cooling
- Central
- Exterior
- Patio
- Exterior Windows
- Brick Veneer
- Fireplaces
- 1
- Floors Ceilings
- Vinyl/Luxury Vinyl Floor
- Heating
- Central
- Legal Subdivision
- Ross Manor Estates Sec A
- Living Dining Kitchen
- Separate Living Room
- Lot
- 87
- Lot Description
- Level
- Lot Size
- 70X120
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Stories
- 1
- Style
- Traditional
- Subdivision
- ROSS MANOR ESTATES SEC A
- Subtype
- Detached Single Family
- Year Built
- 1980
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Listing courtesy of Reedy & Company, REALTORS.
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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.