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3741 Faxon Ave, Memphis, TN, 38122

3beds
2baths
1,024sqft
$180,000
$176price/sqft
$1,423/moest. monthly cost
$56,920/yrincome needed

About This Home

Turnkey investment opportunity in the heart of Memphis. This renovated 3 bedroom 2 bathroom property at 3741 Faxon Ave is tenant occupied and currently leased at $1,445 per month through 01-01-2028, providing strong and stable cash flow from day one. The tenant has a $1,445 security deposit in place, adding an extra layer of protection for the new owner. This is a great option for investors looking to expand their portfolio with secured income already in place for the next several years. Located in a convenient area with easy access to major roads, shopping, and local amenities. Interior pictures are available upon request. Do not disturb tenant.

Getting Around

60
WalkingSomewhat Walkable
28
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

7/10
Grahamwood Elementary SchoolGrades PK-50.4 mi
5/10
Treadwell Middle SchoolGrades 6-80.6 mi
3/10
Kingsbury High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1948

Materials

  • Roof: Composition Shingles
  • Construction materials: Brick Veneer,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Shared Bath,Smooth Ceiling
  • Level: First

Bedroom3

  • Features: Shared Bath,Smooth Ceiling
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Separate Dining Room

Features

  • 1 or More BR Down,Primary Down,Two Primaries,Split Bedroom Plan,Renovated Bathroom,Luxury Primary Bath,Full Bath Down,Smooth Ceiling,Living Room,Dining Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Laundry Room,3rd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Window features: Aluminum Frames
  • Flooring: Part Carpet,Tile,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,024 sqft

Kitchen

  • Features: Updated/Renovated Kitchen

Living Room

  • Features: Separate Living Room

Master Bathroom

  • Features: Smooth Ceiling,Tile Floor,Full Bath

Master Bedroom

  • Features: Smooth Ceiling,Tile Floor,Carpet
  • Level: First,Second

Property

Details

  • Parcel number: 038079 00013

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Sidewalks
  • Fencing: Chain Link

Lot

  • Lot size: 9,583 sqft
  • Features: Some Trees,Level,Landscaped
  • Lot size dimensions: 50 x 200

Parking

  • Parking features: Driveway/Pad
  • Has uncovered spaces: Yes