988 Michael Cove

Memphis TN 38116

1366 sq. ft.

0.57 ac.

Single-Family

Last sold for $80,000

Deborah Williams, last sold this property on 09 June 2026 after 72 days on market.

Overview

Opportunity knocks with this income-producing property priced well below market value due to the repairs and updates needed. Being sold AS IS this 3-bedroom, 1.5-bath home already has a long-term tenant in place, offering immediate cash flow from day one. Currently rented at $950/month, the tenant has occupied the property since March 2015 and is currently on a month-to-month lease with a strong rental payment history. With some improvements and vision, this property could be a solid investment.

Features

3 bedrooms

1 bathroom

1 carspace

1 garage space

1366 sq. ft. floor area

0.57 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Memphis over the last 12 months, the estimated median property value of 988 Michael Cove is $157k.

Median value

$157k

Estimated value range

$45k - $290k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Memphis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 988 Michael Cove

2026

Sold

$80,000

09 Jun 2026 by Deborah Williams, of 4 Success Realty, LLC

2015

Sold

$34,000

19 Aug 2015 by Cassandra Bell-Warren, of 4 Success Realty, LLC

2014

Sold

$15,500

28 Oct 2014 by Beth Glosson, of Fast Track Realty, LLC

Happy sellers in Memphis

We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.