Primary listing photo

1472 E Holmes Rd, Memphis, TN, 38116

3beds
2baths
1,621sqft
$149,000
$92price/sqft
$1,264/moest. monthly cost
$50,560/yrincome needed

About This Home

Investor Opportunity – Turnkey Rental with Long-Term Tenant Located at 1472 E Holmes Rd, Memphis, TN, this income-producing property is a solid addition to any rental portfolio. Currently generating $1,185/month in rent, this home offers immediate cash flow with a reliable tenant in place for over 10 years—a rare and valuable advantage for investors seeking stability. This property minimizes vacancy risk and startup costs, making it ideal for both seasoned investors and those looking to expand their holdings with a proven performer. The long-term occupancy reflects tenant satisfaction and consistent payment history, adding confidence to your investment. Highlights: ?? Steady rental income: $1,185/month ?? Established tenant of 10+ years ?? Turnkey investment – start earning from day one ?? Convenient Memphis location with strong rental demand Whether you're building your portfolio or looking for a dependable, low-maintenance asset, this property checks all the boxes.

Getting Around

42
WalkingCar-Dependent
25
TransitSome Transit
32
BikeSomewhat Bikeable

Schools

4/10
Holmes Road Elementary SchoolGrades PK-50.9 mi
4/10
Havenview Middle SchoolGrades 6-80.2 mi
5/10
Whitehaven High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1960

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Features: Separate Dining Room

Features

  • All Bedrooms Down,Full Bath Down,Primary Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Window features: Aluminum Frames
  • Flooring: Part Carpet,Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,621 sqft

Living Room

  • Features: Separate Living Room

Property

Details

  • Parcel number: 079106 00018

Features

  • Stories: 1
  • Pool features: None
  • Fencing: Wood,Wood Fence

Lot

  • Lot size: 0.27 Acres
  • Features: Level,Some Trees
  • Lot size dimensions: 80 x 150

Parking

  • Total spaces: 2
  • Parking features: Driveway/Pad
  • Covered spaces: 2
  • Has uncovered spaces: Yes