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+19018339734
Legendary Realty
4386 Melwood St, Memphis, TN 38109
- $60,000
- 4
- BD
- 2
- BA
- Sold Price
- $60,000
- List Price
- $72,000
- Status
- CLOSED
- MLS#
- 10210357
- Closing Date
- Nov 15, 2025
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 60X103
Property Description
This spacious 4-bedroom, 2-bath home is tenant-occupied and offers immediate income potential. The property currently rents for $815/month with a lease in place through December 2025, and the market rents much higher. The home features central heat, window units, and plenty of living space. While it could benefit from some exterior wood repairs and cosmetic interior updates, it has strong upside potential. Renovated homes in the area are selling around $120k making this an excellent value-add opportunity for investors. Located in a well-established neighborhood surrounded by long-term owner-occupants, this property is in a high-demand rental area with stable tenant appeal. ?? Great cash flow potential ?? Tenant in place – instant income
Additional Information
- Acres
- 0.14
- Annual City Tax
- 539
- Annual County Tax
- 572
- Cooling
- Window Unit(s)
- Exterior
- Wrought Iron Security Drs
- Exterior Windows
- Brick Veneer
- Floors Ceilings
- Smooth Ceiling, Sprayed Ceiling
- Heating
- Central
- Legal Subdivision
- Chickasaw Village 2nd Addn
- Living Dining Kitchen
- LR/DR Combination, Breakfast Bar, Washer/Dryer Connections
- Lot
- 54
- Lot Description
- Some Trees, Level
- Lot Size
- 60X103
- Neighborhood Amenities
- None
- Other Rooms
- Laundry Room
- Parking Storage
- Driveway/Pad
- Stories
- 1.5
- Style
- Traditional
- Subdivision
- CHICKASAW VILLAGE 2ND ADD
- Subtype
- Detached Single Family
- Year Built
- 1962
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Listing courtesy of 4 Success Realty, LLC. Selling Office: 4 Success Realty, LLC.
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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.