This 3 bedroom, 1 bathroom home in Memphis spans 1,219 square feet and was built in 1954. The property has been renovated and is currently leased at $1,000 month to month, making it an income producing rental investment. Part of a larger 103 home portfolio package, this property offers standard amenities and comes with an active tenant in place. The…
The Story
1493 Luverne St, Memphis, Tn 38108
This 3 bedroom, 1 bathroom home in Memphis spans 1,219 square feet and was built in 1954. The property has been renovated and is currently leased at $1,000 month to month, making it an income producing rental investment. Part of a larger 103 home portfolio package, this property offers standard amenities and comes with an active tenant in place.
The renovated interior provides solid bones for a hands off investment strategy. The month to month lease structure offers flexibility while maintaining consistent rental income. Located in Memphis, this property represents an opportunity to acquire a stabilized rental asset without requiring creative financing.
Ideal for investors seeking turnkey rental properties with immediate cash flow in an established portfolio setting.
Facts & Features
Property Info
Price
$175,560
Completion Year
1,954
Living Space
1,219 sq ft
Bedrooms
3
Bathrooms
1
Lot size
0.2 acres
Features & Amenities
Central Cooling
Stay comfortable year-round with efficient climate control.
Garden
Lush greenery that creates calm surroundings and natural shade.
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