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123 Loraine Rd

Memphis TN 38109

3
1
1084 sq. ft.
0.15 ac.
Single-Family
Currently for sale - view listing

Overview

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

Features

3 bedrooms
1 bathroom
1084 sq. ft. floor area
0.15 ac. lot size
Single-Family

Property history for 123 Loraine Rd

2022
Sold
Undisclosed
18 May 2022 by Joshua Cooper
2018
Sold
$45,000
16 Nov 2018

Happy sellers in Memphis

95%
95% of sellers in Memphis reported that their sale price either exceeded or met their price expectations.

Memphis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Memphis over the last 12 months.

Local market activity for 3 bedroom single-family properties in Memphis

In the last 12 months, 183 three-bedroom single-family properties similar to 123 Loraine Rd, have been sold.

This represents a 15% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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