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+19018339734
Legendary Realty
3969 Ridgedale St, Memphis, TN 38127
- $83,500
- 3
- BD
- 1
- BA
- Sold Price
- $83,500
- List Price
- $84,999
- Status
- CLOSED
- MLS#
- 10201521
- Closing Date
- Jun 12, 2026
- Bedrooms
- 3
- Bathrooms
- 1
- Lot Size
- 81X209
- Approx. Heated SqFt
- 800-999
Property Description
This property is leased at $995 per month ($11,940 annually) through 06/08/2027, with a cash-on-cash return of 6.19% and a monthly cash flow of $168.92. "All investment figures are estimates and verified independently by buyer." Well-maintained 3BR/1BA investment property offering a strong combination of durability, functionality, and long-term rental appeal. Features include hard-surface flooring throughout, a bright living area, an updated kitchen with shaker cabinetry, central heat and air, and a covered carport. Situated on a large level lot with a spacious fenced backyard, providing added tenant appeal and usability. The home's clean condition and practical layout help minimize future maintenance while supporting consistent demand in an established Memphis neighborhood. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Additional Information
- Acres
- 0.35
- Annual City Tax
- 523
- Annual County Tax
- 555
- Cooling
- Central
- Exterior
- Other (See REMARKS)
- Exterior Windows
- Other (See Remarks)
- Floors Ceilings
- Other (See REMARKS)
- Heating
- Central
- Legal Subdivision
- St Elmo Third Addition
- Living Dining Kitchen
- Separate Dining Room
- Lot
- 11
- Lot Description
- Level
- Lot Size
- 81X209
- Neighborhood Amenities
- None
- Parking Storage
- Other (See REMARKS)
- Stories
- 1
- Style
- Traditional
- Subdivision
- ST ELMO 3RD ADD
- Subtype
- Detached Single Family
- Year Built
- 1959
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Listing courtesy of Foundation Property Management. Selling Office: Zach Taylor Real Estate.
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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.