1335 Faxon Ave, Memphis, TN 38104
- $90,000
- 3
- BD
- 3
- BA
- Sold Price
- $90,000
- List Price
- $100,000
- Status
- CLOSED
- MLS#
- 10206739
- Closing Date
- Nov 21, 2025
- Bedrooms
- 3
- Bathrooms
- 3
- Lot Size
- 50X160
Property Description
Value-Add Triplex Investment Opportunity Near Crosstown Concourse Located just blocks from the vibrant Crosstown Concourse, this 3-unit triplex offers the perfect blend of historic charm and value-add potential in the heart of 38104. Built in 1919 and spanning 2,667 sq ft, each unit features a 1-bed / 1-bath layout, ideal for long-term tenants or short-term rental strategies. The property is in need of renovations to significantly increase its value. With several renovated and newly developed properties within a half-mile radius, the surrounding neighborhood is on a strong upward trend. ARV: $300,000(conservatively). This is a rare opportunity to acquire a classic Midtown Memphis triplex at a steep discount with plenty of upside potential. Whether you're a buy-and-hold investor or looking for your next flip, this property checks all the boxes. Cash Only sold as-is. Do not disturb tenants. No showings without an accepted offer.
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Additional Information
- Acres
- 0.18
- Annual City Tax
- 1216
- Annual County Tax
- 1290
- Bedrooms Downstairs
- 3
- Cooling
- Window Unit(s)
- Exterior
- Porch
- Exterior Windows
- Other (See Remarks)
- Floors Ceilings
- Hardwood Throughout
- Heating
- Other (See REMARKS)
- Legal Subdivision
- Speedway Terr Blk B
- Living Dining Kitchen
- Separate Living Room
- Lot
- 37
- Lot Description
- Some Trees
- Lot Size
- 50X160
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Pool Description
- Neighborhood
- Stories
- 1
- Style
- Traditional
- Subdivision
- SPEEDWAY TERRACE BLK B
- Subtype
- Attached Single Family
- Year Built
- 1919
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Listing courtesy of Renshaw Company, REALTORS. Selling Office: KAIZEN Realty, LLC.
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