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3816 Allandale Lane

Memphis TN 38111

2
1
1
1241 sq. ft.
0.18 ac.
Single-Family
Currently for sale - view listing

Overview

This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you’re looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won’t want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
1241 sq. ft. floor area
0.18 ac. lot size
Single-Family

Property history for 3816 Allandale Lane

2025
Sold
$100,000
31 Mar 2025 by Tyler Tapley, of Crye-Leike, Realtors

Happy sellers in Memphis

87%
87% 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 3 reviews in Memphis over the last 12 months.

Local market activity for 2 bedroom single-family properties in Memphis

In the last 12 months, 99 two-bedroom single-family properties similar to 3816 Allandale Lane, have been sold.

This represents a 38% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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