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$110,000   Price Analysis
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1190 Elder Rd
Memphis, TN 38109
4 bed 1 bath unknown SqFt ($0/SqFt)
5,663SqFt lot. Built 1973
Listed 2023-09-07, Taxes $810
Ⓧ USDA Ineligible
due to location

near Memphis

Calling all investors!

* No Longer For Sale *
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Looking for a passive cash flowng investment opportunity? You've found i t. Fully renovated in May 2023, updated roof in 2024, renter occupied at 950/month.

12 month lease signed August 2023, managed at 8%. No Showings without agreed contract; renter occupied. Review attached docs for lease, PMA, etc. No Seller financing offers.


Presented by Allison E Holden at
BHHS McLemore & Co., Realty.
Listing Agent Photo

Property MLS #10156105 from Memphis

Bedrooms: 4
Primary Bedroom Description: Level 1
Bedroom 2 Description: Level 1
Bedroom 3 Description: Level 1
Bedroom 4 Description: Level 1

Total Rooms: 7

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Smoke Detector(s)
Interior Amenities: Separate Living Room, Updated/Renovated Kitchen, Washer/Dryer Connections, All Bedrooms Down, Renovated Bathroom, Full Bath Down, Heated SqFt Range: 1200-1399
Flooring: Wood Laminate Floors, Textured Ceiling

Cooling Features: Central
Heating Features: Central

Wrought Iron Security Drs
Porch
Sidewalks

Lot Description: Level, Chain Fenced
Lot Size Acres: 0.13
Lot Size Dimensions: 50X120
Lot Size Square Feet: 5663

Parking Features: Attached, Driveway/Pad

Annual Tax Amount: 451
Source Listing Status: Closed
County: Shelby
Cross Street: Rebah Rd
Directions: Going South on I55, turn West on Mitchell Rd, then South on Rebah Rd, then East on Elder. Home will be on second your left.
Source Property Type: Residential
Area: T.O. Fuller Park
Source Neighborhood: MITCHELL RD SCHOOL SEC A
Subdivision: MITCHELL RD SCHOOL SEC A
Property Subtype: Detached Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$12,050 + $1,250
$13,300
$810
2021$12,050 + $1,250
$13,300
$819
2020$10,475 + $1,250
$11,725
$849
2019$10,475 + $1,250
$11,725
$849
2018$10,475 + $1,250
$11,725
$849
2017$10,475 + $1,250
$11,725
$481
2016$10,775 + $1,250
$12,025
$525
2015$10,775 + $1,250
$12,025
$525
2014$10,775 + $1,250
$12,025
$525
2013$10,775 + $1,250
$12,025
$526
2012$13,475 + $2,350
$15,825
$628
2010$13,475 + $2,350
$15,825
$628
2007$13,425 + $2,125
$15,550
$1,162
2006$13,425 + $2,125
$15,550
$1,162

Sold 2024-05-31
$107,000
Memphis
Price Changed 2024-04-11
$110,000
Memphis
Price Changed 2024-03-25
$114,900
Memphis
Price Changed 2024-02-28
$119,800
Memphis
Relisted 2024-01-04
$119,900
Memphis
Listing removed 2023-12-21
$0
Memphis
Price Changed 2023-11-02
$119,900
Memphis
Price Changed 2023-09-18
$124,900
Memphis
Listed 2023-09-07
$130,000
Memphis
Listing removed 2023-08-11
$0
AppfolioUnits
Listed for rent 2023-06-07
$950
AppfolioUnits

Year Built: 1973
Building Exterior Type: Brick Veneer, Aluminum Window(s)
Foundation Details: Slab
Property Age: 51
Roof: Composition Shingles
Levels or Stories: 1
Structure Type: General Residential
House Style: Traditional
Year Built Details: Existing Property
SqFt Maximum: 1399
SqFt Minimum: 1200

Sewer: Gas Water Heater, Public Water, Public Sewer

Security Features: Smoke Detector(s), Iron Door(s)

Mitchell High School is a public high school located approximately 1 miles away.
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Ford Road Elementary School is a public elementary school located approximately 1.4 miles away.
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Chickasaw Junior High School is a public middle school located approximately 1.4 miles away.
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Senior Clara Muhammad School is a private elementary school located approximately 2.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.