1304 Carolyn Dr, Memphis, TN 38111

$140,000
4
BD
1.1
BA

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$140,000
List Price
$145,900
Status
CLOSED
MLS#
10188540
Closing Date
Mar 31, 2025
Bedrooms
4
Bathrooms
1.1
Lot Size
60X120

Property Description

Investor-only opportunity! This solid 3-5 bedroom, 1.5-bath property is a true turnkey investment with tenants in place through 10/31/2025 at $1,395/month. The home was reconfigured to maximize space, featuring flexible rooms that can serve as additional bedrooms, an office, or a playroom. Updates include an expanded kitchen with added cabinets, a dedicated laundry room, and refreshed bathrooms with new plumbing fixtures. The original hardwood floors maintain character, while fresh interior and exterior paint enhance appeal. The roof is less than 5 years old. The spacious, fenced backyard includes a large shop with electricity—check with the City of Memphis for ADU potential. Located in a quiet neighborhood, this property offers immediate cash flow with solid tenants already in place. Owner/Agent. Do not approach tenants!

Additional Information

Acres
0.16
Annual City Tax
481
Annual County Tax
603
Apprx Heated SqFt Range
1600-1799
Bedrooms Downstairs
3
Bedroom Three Description
Hardwood Floor, Level 1, Private Half Bath
Bedroom Two Description
Hardwood Floor, Level 1
Cooling
Central
Exterior
Storage Building, Patio, Wood Fence, Storage, Workshop
Exterior Windows
Brick Veneer
Fireplace
In Primary Bedroom, Masonry
Fireplaces
1
Floors Ceilings
Part Hardwood, Tile, Vinyl/Luxury Vinyl Floor
Foundation
Slab
Heating
Central
Legal Subdivision
Polo Club Estates
Living Dining Kitchen
LR/DR Combination, Pantry, Separate Den, Separate Dining Room, Separate Living Room, Updated/Renovated Kitchen, Washer/Dryer Connections
Lot
220
Lot Description
Landscaped, Wood Fenced
Lot Size
60X120
Misc Interior
Attic Access, Excl Some Window Treatmnt, Pull Down Attic Stairs, Smoke Detector(s)
Neighborhood Amenities
None
New Financing
Conventional
Office Description
Hardwood Floor, Level 1
Other Rooms
Attic, Laundry Room
Parking Storage
Driveway/Pad, Workshop(s)
Roof
Composition Shingles
Stories
1
Style
Ranch
Subdivision
POLO CLUB ESTATES
Subtype
Detached Single Family
Water Sewer
Gas Water Heater, Public Sewer, Public Water
Year Built
1955

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BHHS McLemore & Co., Realty. Selling Office: Crye-Leike Inc., REALTORS.

Some or all of the listings displayed may not belong to the firm whose website is being visited

Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.